"The bailout will keep companies that borrow from Spanish banks from going down all together"
- Kiyoshi Ishigane, a senior strategist at Mitsubishi UFJ Asset Management Co.
Japanese stocks gained by the most in more than a month on Monday on speculation an aid for Spain will ease the debt crisis in Europe.
The Nikkei 225 Stock Average gained 1.96 per cent, or 165.64 points, to 8,624.90. The broader Topix Index added 1.72 per cent, or 12.33, to 730.07.
"The bailout will keep companies that borrow from Spanish banks from going down all together," said Kiyoshi Ishigane, a Tokyo-based senior strategist at Mitsubishi UFJ Asset Management Co.
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