The result of the election was "positive because it helped reduce excessive concern that Greece may separate from the euro currency"
- Takashi Aoki, a fund manager at Mizuho Asset Management Co.
Japanese stocks extended gains on Monday after Greek elections eased concern the nation would exit the euro.
The Nikkei 225 Stock Average gained 1.77 per cent, or 151.70 points, to 8,721.02. The broader Topix Index rose 1.68 per cent, or 12.24, to 738.81.
The result of the election was "positive because it helped reduce excessive concern that Greece may separate from the euro currency," said Takashi Aoki, a Tokyo-based fund manager at Mizuho Asset Management Co.
"Tortuous negotiations on the European debt crisis are expected. I don't think investors will quickly move to a risk-on mood."
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