"There's pressure on Draghi to act"
- Tony Crescenzi, a strategist at Newport Beach
Japanese stocks climbed for a second day after Mario Draghi said the ECB is ready to act to preserve the euro.
The Nikkei 225 Stock Average climbed 1.28 per cent, or 108.42 points, to 8,551.52. The broader Topix Index gained 1.45 per cent, or 10.34, to 725.25.
"There's pressure on Draghi to act," said Tony Crescenzi, a strategist at Newport Beach, California-based Pacific Investment Management Co.
"Draghi has created an expectation that must be followed through on."
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