11.06.201304:46:44UTC+00Japan stocks in a choppy trade ahead of central bank decision

Japanese stocks recovered from opening losses early Tuesday in choppy trade ahead of the Bank of Japan's policy decision due later in the day. The Nikkei Stock Average inched up 0.1% to 13,521.11 after Monday's 4.9% surge, while the Topix added 0.2%. Financials traded mostly higher, with Mitsubishi UFJ Financial Group Inc. rallying 2%, Mizuho Financial Group Inc. rising 1.5%, and Nomura Holdings Inc. up 1.7% ahead of the Bank of Japan call. Economists generally expected the central bank to keep its policy unchanged but to further upgrade its assessment of the economy, according to reports. Following initial losses, shares of Softbank Corp. advanced 0.9% after a Dow Jones Newswires report saying the telecom had agreed to raise its offer price for Sprint Nextel Corp. by $1.5 billion to $21.6 billion.