Nikkei jumps 2.1%

|By:, SA News Editor

A stronger-than-hoped manufacturing report out of China and decent rally in the States are good excuses for a big gain in Japan overnight.

Also helping is Reuters reporting Japan Post Insurance - with about $846B in AUM - planning to boost its allocation in domestic stocks by as much as $3.4B this year. Also slated for a higher allocation are overseas bond holdings.

Dollar/yen is up 0.25% to ¥101.64.

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