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"Japan's markets suffered from multiple negative factors that other countries didn't face, such as the earthquake and the yen's strength"
- Takashi Aoki, fund manager at Mizuho Asset Management Co.
Japanese banks were closed on Monday in observance of the Bank Holiday.
Japanese stocks gained on Friday led by signals the U.S. economy is recovering. The Nikkei 225 advanced 0.67%, or 56.46 points, to 8,455.35, while the broader Topix grew 0.90%, or 6.49, to 728.61.
"Japan's markets suffered from multiple negative factors that other countries didn't face, such as the earthquake and the yen's strength," said Takashi Aoki, fund manager at Tokyo-based Mizuho Asset Management Co. "Next year, the markets are likely to rebound."
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.