"Investors are starting to reverse their risk-avoidance stances globally"
- Juichi Wako, a senior strategist at Tokyo-based Nomura Holdings Inc.
Japanese stocks rose for a fourth consecutive day as French and Spanish borrowing costs decreased and U.S. unemployment claims fell to four-year low.
The Nikkei 225 advanced 1.47%, or 126.68 points, to 8,766.36, while the broader Topix jumped 2.00%, or 14.79, to 755.47.
"Investors are starting to reverse their risk-avoidance stances globally," said Juichi Wako, a senior strategist at Tokyo-based Nomura Holdings Inc.
"Money is flowing into the U.S., where the fundamentals are good, and then is spreading out to the rest of the world."
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