SMC is adding almost 4 percent, while Mitsubishi Electric, Nichirei and Mitsubishi Heavy Industries are rising almost 3 percent each. Conversely, there are no other major losers. In economic news, the monetary base in Japan was down 3.4 percent on year in May, the Bank of Japan said on Tuesday - coming in at 656.0.12 trillion yen. That beat forecasts for a decline of 4.2 percent following the upwardly revised 4.8 percent contraction in April. Banknotes in circulation were down 2.0 percent on year, while coins in circulation fell 1.4 percent. Current account balances sank an annual 3.7 percent, including a 0.8 percent drop in reserve balances. The adjusted monetary base was up 12.7 percent on year at 646.138 trillion yen. In the currency market, the U.S. dollar is trading in the higher 142 yen-range on Tuesday. On Wall Street, stocks came under pressure early in the session on Monday but showed a notable turnaround over the course of the trading day.