Japan Stocks Climb on European Rates Outlook, Weaker Yen
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Japanese shares rose, with the Topix index capping the biggest three-week gain since April 2009, after the yen weakened and the European Central Bank and Bank of England signaled they will keep borrowing costs low.
Nippon Sheet Glass Co., which gets 37 percent of its sales from Europe, gained 4.1 percent. CyberAgent Inc., a social gaming and Internet company, jumped 10 percent after Goldman Sachs Group Inc. recommended its shares. Shinsei Bank Ltd., a lender that generates almost half of revenue from consumer credit, rose 3.9 percent after saying it plans to expand into Asia within three years.