Japanese equities climbed at Friday's opening, following Wall Street higher after President Donald Trump signalled a possible diplomatic deal with Iran.
The Nikkei 225 surged 959 points or 1.5% to open at 65,176.23.
Meanwhile, Prime Minister Takaichi told the cabinet on Thursday that Japan's July crude imports will fully avoid the Strait of Hormuz.
She also projected a more than tenfold jump in U.S. oil purchases compared to last year, ensuring supplies through March 2028.
Elsewhere, the European Central Bank raised rates for the first time since 2023, while U.S. producer prices surged at their fastest pace in over three years due to the Iran war.
The U.S. data underscored the heavy toll that the Hormuz closure has inflicted on the American economy.