Nikkei gains but investors still wary, NEC surges

* Nikkei climbs but investor wariness limits gains

* NEC surges after says will issue up to $1.5 bln shares

* Toyota up after surprise Q2 profit, lower loss forecast

TOKYO, Nov 6 (Reuters) - Japan's Nikkei average rose 1.3 percent on Friday as exporters such as Canon Inc (7751.T: Quote, Profile, Research) gained after good news on U.S. jobs renewed hopes about the pace of economic recovery, with tech shares up after gains by U.S. peers. NEC Corp (6701.T: Quote, Profile, Research) soared over 9 percent after Japan's biggest PC maker said it plans to raise up to $1.5 billion in shares. Sources had earlier told Reuters the offer was to shore up its capital and invest in growth businesses. [ID:nTFA006491] [ID:nT210122]

On Thursday, a day before the U.S. government releases its key monthly jobs report, figures showed U.S. non-farm productivity rose more than expected in the third quarter, while a separate report showed fewer U.S. workers filed new jobless insurance claims than forecast last week, hitting a 10-month low. [ID:nN05106320]

But analysts said investors remained cautious, keeping gains capped.

"There's still some wariness among investors today, mainly due to a lot of uncertainty about the future despite the fact that recent economic data has been pretty good," said Nagayuki Yamagishi, a strategist at Mitsubishi UFJ Securities. The benchmark Nikkei .N225 gained 121.00 points to 9,836.59 after closing at a one-month low on Thursday. The broader Topix .TOPX gained 0.3 percent to 877.43.

The U.S. government is scheduled to release its key monthly jobs report on Friday, with economists polled by Reuters forecasting a loss of 175,000 jobs in October, sharply below the 263,000jobs cut in the previous month. But the unemployment rate is forecast to rise to 9.9 percent.

"I think the market is likely to rise both if the numbers come in as forecast as well as if there's a positive surprise," Yamagishi said.