Japan stocks climb on banks, auto firms, high techs

(Updates to midsession)

TOKYO, Nov 26 (Reuters) - Japan's Nikkei rose 1.3 percent on Monday, buoyed by Wall Street gains and erasing some of the previous week's losses on the back of strong performances by bank, automaker and high tech shares. Nissan Motor Co (7201.T: Quote, Profile, Research, Stock Buzz) rose 5 percent and other car firms weren't far behind, gaining strength from a slightly weaker yen. Other exporters also fared well. The Nikkei .N225 was up 195.34 points at 15,084.11. On Thursday, it touched a 16-month low of 14,669.85. Friday was a national holiday in Japan.

The broader TOPIX climbed 1.7 percent to 1,461.57, after hitting a two-year low of 1,417.47 last Thursday. (Reporting by Elaine Lies)