"Investors are so sensitive about European debt that they are swayed by every remark on the issue"
- Naoki Fujiwara, a fund manager at Shinkin Asset Management Co.
Japanese stocks gained on Thursday on speculation they are undervalued.
The Nikkei 225 increased 0.08%, or 6.78 points, to 8,563.38. The broader Topix gained 0.09%, or 0.68, to 722.25.
"Investors are so sensitive about European debt that they are swayed by every remark on the issue," said Naoki Fujiwara, a fund manager at Shinkin Asset Management Co. in Tokyo.
"Some people are inclined to buy shares because Japanese stocks are undervalued."
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