Asian Stocks Rise as Japan Consumer Prices Fall
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Asian stocks rose, with Japanese shares posting their biggest annual advance since 2005, after a report that the country’s consumer prices fell fanned speculation the central bank will respond to government calls for more asset purchases.
Canon Inc., the world’s biggest camera maker, increased 2.1 percent, leading gains among Japanese exporters. Toshiba Corp. climbed 5 percent after the manufacturer said it’s in talks to sell a stake in its Westinghouse Electric atomic-power unit. BHP Billiton Ltd., Australia’s largest oil producer, advanced 1.1 percent after crude and metal prices rose.