A man looks at his watch as he passes an electronic board displaying a graph of currency rates outside a brokerage in Tokyo.

Tokyo - Tokyo stocks rose 1.28 percent Thursday, reversing earlier losses as the yen slumped on the back of fresh data showing Japan logged a record trade deficit last year.

The benchmark Nikkei 225 index closed up 133.88 points to 10,620.87, while the broader Topix index of all first-section shares was up 1.11 percent, or 9.83 points, at 897.62. - Sapa-AFP