Japanese Stocks Gain as Investors Await Greece, Yellen Testimony
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Japanese stocks rose ahead of testimony to U.S. lawmakers by Federal Reserve Chair Janet Yellen and as Greece’s creditors review a list of debt-reduction policies.
Casio Computer Co. jumped 4 percent after the Nikkei newspaper reported the company will boost production of high-end watches. Asahi Glass Co. added 4.4 percent as Mizuho Securities Co. raised its target price on the stock. Oil explorer Inpex Corp. sank 1.9 percent as crude traded below $50 a barrel. Asahi Kasei Corp. slid 1.1 percent after announcing a $2.2 billion takeover to expand its battery and overseas businesses.