Japanese Stocks Rise as Economic Data Fans Stimulus Bets
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Japanese stocks rose, with the Nikkei 225 Stock Average capping its biggest yearly advance since 2005, as the yen weakened after consumer prices and industrial production data fueled speculation the central bank will respond to calls for more stimulus.
Toyota Motor Corp. gained 1.9 percent to its highest close in two years. Toshiba Corp. jumped 5 percent after saying it’s in talks to sell its stake in an atomic-power unit. Tokyo Electric Power Co., owner of the reactors at the center of last year’s nuclear disaster, fell 6.4 percent after being sued by U.S. sailors who claim they were exposed to radiation.