Economics
Asian Stocks Climb as Japanese Shares Advance on Stimulus Bets
- Topix gains 2.2% as ex-BOJ governor says easing to expand
- China official factory gauge stabilizes near 3-year low
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Asian stocks rose as a weaker yen boosted Japanese shares amid speculation about further monetary stimulus and as reports showed a stabilization in China’s manufacturing activity.
Toyota Motor Corp. climbed 2.6 percent and Mitsubishi UFJ Financial Group advanced 3.6 percent in Tokyo, the biggest contributions to gains on the regional index. OZ Minerals Ltd. surged 19 percent in Sydney after KKR & Co. lifted its stake in the owner of Australia’s biggest undeveloped copper deposit. Markets in Hong Kong and China are closed Thursday for holidays.