Japan News
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Asian stocks rose, with a regional gauge heading for a three-week high, as manufacturing growth from Australia, China and India added to optimism the region’s economies will withstand Europe’s sovereign-debt crisis.
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The dollar fell the most more than a month against the euro as signs manufacturing is expanding in the U.S. and China damped the appeal of safer assets.
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Singapore’s economy shrank for the second time in three quarters, highlighting Asia’s vulnerability to the European debt crisis even as manufacturing strengthens in India and China.
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Governments of the world’s leading economies have more than $7.6 trillion of debt maturing this year, with most facing a rise in borrowing costs.
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