"It's big that Greece is becoming less of a drag as the global economy rebounds"
- Kazuyuki Terao, chief investment officer of RCM Japan Co
Japanese stocks rose for a second day on Friday as Greece pushed through the bond swap.
The Nikkei 225 rose 1.65%, or 160.78, to 9,929.74. The broader Topix advanced 1.50%, or 12.55, to 848.71.
"It's big that Greece is becoming less of a drag as the global economy rebounds," said Kazuyuki Terao, chief investment officer of RCM Japan Co.
"Confidence is spreading in the markets. The weaker yen has led investors to buy Japanese stocks."
© Dukascopy Bank