“Asian stocks rose, with the regional benchmark index extending its longest rally in more than three years, as Japanese exporters advanced after the yen fell to an eight-month low versus the dollar.
Canon Inc., the world’s biggest camera maker, climbed 3.1 percent in Tokyo as the weaker yen boosted the outlook for exporters. Mitsubishi UFJ Financial Group Inc. rose 2.1 percent as Japan’s No. 1 lender is poised to announce the purchase of Bank of America Corp.’s stake in their Japanese private banking venture. Chimei Innolux Corp., Taiwan’s largest maker of liquid- crystal displays, jumped 6.9 percent in Taipei on a report it will return to profit next year as sales increase.”
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