Topix Follows U.S. Equities Higher as Japan Returns to Growth
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Japanese stocks rose after U.S. equities climbed to a record and a report showed Asia’s second-biggest economy exited recession last quarter.
Financial shares and oil producers led gains among industry groups. Yokohama Rubber Co. jumped 5.5 percent as the tiremaker raised its dividend forecast. Asics Corp. tumbled 10 percent after the sportswear maker projected profit that missed estimates. Kuraray Co. dropped 5.7 percent after full-year net-income forecasts disappointed analysts.