Japan stocks rise after Europe news, U.S. gains

[Elsha]

Japanese stocks moved higher out of the open Monday, as a European plan to address the debt crisis and subsequent U.S. stock gains boosted shares, with additional uplift provided by a better-than-expected result for the Bank of Japan's quarterly tankan business-sentiment survey. The Nikkei Stock Average JP:100000018 +0.35% added 0.5% to 9,052.74, with the Topix also rising 0.5%. Gains were broad-based, with blue-chip advances including a 1% climb for Toshiba Corp. JP:6502 +1.33% TOSYY +2.39% , a 1.9% rise for Nissan Motor Co. JP:7201 +0.13% NSANY +3.26% , a 1.3% improvement for top banking firm Mitsubishi UFJ Financial Group Inc. JP:8306 +1.32% MTU +3.04% , and a 2.9% jump for shipper Nippon Yusen K.K. JP:9101 +2.39% NYUKF -1.13% . Shares of Sony Corp. JP:6758 +0.09% SNE +3.79% added 1.7% after a Nikkei news report that the firm's Japanese music unit would open its library to domestic owners of Apple Inc. AAPL +2.63% devices, such as the iPod and iPhone, as is already the case in the U.S. A firming for commodities helped steel makers early, as JFE Holdings Inc. JP:5411 +0.46% JFEEF -2.82% rose 2.3%, Sumitomo Metal Industries Ltd. JP:5405 +0.77% SMMLF -1.04% added 1

[jonemike]

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