Japan's stocks rose for a fourth day on Wednesday, taking cues from a bounce in Wall Street shares, while Sharp Corp jumped 11% after saying it expects significant improvement in annual profit.

    The Nikkei ended 0.2% higher at 16,998.91. The broader Topix gained 0.1% to 1,357.20 and the JPX-Nikkei Index 400 added 0.1% to 12,145.36. Another individual stock in the spotlight was Mitsubishi Motors Corp, which soared 7.9% after the Nikkei newspaper reported that Nissan Motor Co has decided to appoint its CEO, Carlos Ghosn, as chairman of Mitsubishi Motors.