Topix Rises for First Time in Three Days as Oil Prices Retreat
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Japanese stocks advanced, sending the Topix index to its first gain in three days, as a decline in oil prices eased concern higher energy costs will impede the global economic recovery.
Nippon Yusen K.K. , Japan’s No. 1 shipping line, climbed 1.7 percent as cargo rates increased and oil prices eased for a second day. Nintendo Co., the world’s largest maker of video-game players, jumped 3.7 percent, after saying a new game set a sales record. Bridgestone Corp., the biggest tiremaker, advanced 3.1 percent after Citigroup Inc. raised the stock’s target price.