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"Concerns about the global economic future are receding"
- Hiroichi Nishi, an equities manager at SMBC Nikko Securities Inc.
Japanese stocks rose on the first trading day of 2012 after a U.S. report showed manufacturing sector's growth is accelerating. The Nikkei 225 advanced 1.24%, or 104.76 points, to 8,560.11, while the broader Topix gained 1.97%, or 14.38, to 742.99.
"Concerns about the global economic future are receding," said Hiroichi Nishi, an equities manager in Tokyo at SMBC Nikko Securities Inc. "Markets across the board have started this year's trading on a positive note."
Japan's Cabinet Office is to announce month on month change in core machinery orders on December 10. Orders dropped 6.9 percent in November, after declining 8.2 percent in October.