"Monetary easing is taking effect in China"
- Kiyoshi Ishigane, a strategist at Mitsubishi UFJ Asset Management Co.
Japanese stocks rose after Chinese Premier Wen Jiabao said there is more room to adjust monetary policy.
The Nikkei 225 Stock Average advanced 1.88 per cent, or 167.72 points, to 9,092.76. The broader Topix Index gained 1.58 per cent, or 11.80, to 759.12.
"Monetary easing is taking effect in China," said Kiyoshi Ishigane, a Tokyo-based strategist at Mitsubishi UFJ Asset Management Co.
"The premier seldom makes such direct remarks, but he might want to emphasize that the government wants to support the economy by monetary policies."
© Dukascopy Bank SA