Japan’s Topix Gains Most in Two Months on Earnings, U.S. Output

Japanese stocks gained, driving up the Topix index by the most since Nov. 18, after company earnings improved and U.S. manufacturing expanded, boosting confidence in the global economic recovery.

Mitsubishi UFJ Financial Group Inc., Japan’s biggest publicly traded bank, jumped 4.5 percent. Toyota Motor Corp., the world’s largest carmaker, climbed 3.3 percent after reporting higher U.S. sales. Casio Computer Co., an electronics maker, leapt 6.6 percent after it returned to profit. Mitsubishi Materials Corp., Japan’s third-biggest copper smelter, gained 5.6 percent after the Nikkei newspaper reported the company had a nine-month profit.