Japanese stocks rose a third day as the yen weakened to an almost two-week low amid optimism over Greece bailout. Insurers led gains on the Topix index.
The Topix climbed 1.5 percent to 1,637.02 as of 9:01 a.m. in Tokyo after jumping 1.9 percent on Monday for its biggest advance this year. The Nikkei 225 Stock Average added 1.3 percent to 20,347.96. The yen slid 0.1 percent to 123.59 per dollar after falling 0.5 percent yesterday. Greek Prime Minister Alexis Tsipras surrendered to European demands for immediate action to qualify for up to 86 billion euros ($95 billion) of aid he needs to keep his country in the euro area.
Futures on the Standard & Poor 500 Index were little changed after the measure rose 1.1 percent on Monday to cap its steepest three-day rally this year.
The Bank of Japan begins a two-day policy meeting Tuesday, with two of 35 analysts surveyed by Bloomberg expecting an expansion of stimulus.
Source : Bloomberg