The majority stake in Japanese stocks closed dashed. At closing time at 15.00 Tokyo, the Nikkei 225 Stock Average rose 1.8% to 8668.86. This is the largest increase since 7 September. While the Topix index rose 1.4% to 751.76.
A number of stock exchanges which affect movement of Sakura was: Kyocera Corp rose 2.1% and Sumitomo Metal Industries Ltd. rose 3.8%.
This time, the positive sentiment came from Europe. Japanese stocks advanced after French President Nicolas Sarkozy and German Chancellor Angela Merkel assured that Greece will remain in the European region.
"Germany and France's commitment to continue to provide support to the notion that Greek eroded the country will default. If Greece avoid default, the impact on the global banking system can be minimized so as to provide a positive signal for the stock markets of Asia," said Tim Schroeders, analysts Pengana Capital Ltd. in Melbourne.
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