"The Nikkei will rise to between 11,000 and 12,000 this year"
- Masaru Hamasaki, a chief strategist at Toyota Asset Management Co.
Japanese stocks rose to a year's high on Tuesday after Federal Reserve Chairman Ben Bernanke hinted U.S. interest rates are likely to remain at record low levels.
The Nikkei 225 rose 2.36%, or 236.91, to 10,255.15. The broader Topix edged higher 2.42%, or 20.60, to 872.42. "The equity recovery has come at last," said Masaru Hamasaki, a chief strategist at Toyota Asset Management Co. in Tokyo.
"The global economy is holding up and will support the market here after reconstruction demand peaks in the first half. The Nikkei will rise to between 11,000 and 12,000 this year."
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