"The environment for equities is pretty good"
- Donald Williams, chief investment officer at Platypus Asset Management Ltd.
Japanese stocks surged on Wednesday, after the International Monetary Fund raised its global economic forecast and Spain sold more debt than its target.
The Nikkei 225 rose 2.14%, or 202.55 points, to 9,667.26. The broader Topix gained 2.01%, or 16.18, to 819.27.
"The markets are getting used to Europe's woes, which are still negative factors but getting stale," said Masafumi Oshiden, an investment manager at ING Mutual Funds Management Co.
"We are seeing a rally across sectors with big shares leading the way up."
"The environment for equities is pretty good," said Donald Williams, chief investment officer at Platypus Asset Management Ltd. in Sydney.
"Even though 2012 is going to be a tough year because most of Europe will be in recession for a large part of this calendar year, you are still looking at a global growth rate of 3.5 percent, which is a pretty decent."
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