Tokyo stocks opened higher Thursday, driven by robust rallies on Wall Street after Federal Reserve Chair Jerome Powell said he would moderate the speed of rate increases.

The benchmark Nikkei 225 index jumped 1.05 percent, or 294.53 points, at 28,263.52 in early trade, while the broader Topix index advanced 0.57 percent, or 11.32 points, to 1,996.89.