Nikkei 225 Caps Biggest Yearly Advance Since 1972
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Japanese shares rose, with the Nikkei 225 Stock Average capping its biggest yearly gain in four decades, as the yen retreated past 105 per dollar to its weakest in more than five years.
Nikon Corp., a camera maker that gets about 85 percent of sales overseas, added 1.3 percent. Nippon Sheet Glass Co. jumped the most on the Nikkei 225 after Daiwa Securities Group Inc. rated the shares new outperform. Maruha Nichiro Holdings Inc. dropped 2.7 percent after a report it will recall frozen food such as pizza after pesticide was found in the products. Nippon Paper Industries Co. tumbled 5.9 percent on a report its operating profit probably dropped.