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"The ECB's liquidity injection is keeping the debt crisis from spreading"
- Juichi Wako, a senior strategist at Tokyo-based Nomura Holdings Inc.
Japanese stocks rose on Friday, after Spanish and Italian borrowing costs decreased, a sign investors are more optimistic on the economic outlook for the countries.
The Nikkei 225 gained 1.36%, or 114.43 points, to 8,500.02, while the broader Topix advanced 1.02%, or 7.45, to 734.60.
"The ECB's liquidity injection is keeping the debt crisis from spreading," said Juichi Wako, a senior strategist at Tokyo-based Nomura Holdings Inc.
"The yen's rise against the euro had weighed on Japanese stocks. Now that's taking a pause, the bias is for equities to be bought back."