Mitsubishi Corp., Japan’s biggest trading company, climbed 2.5 percent, and Mitsui & Co., the second-largest, added 2.9 percent. Inpex Corp., the country’s No. 1 oil explorer, gained 1.8 percent. A gauge of U.S. manufacturing in December climbed to its highest level in more than three years. Toyota Motor Corp., the world’s biggest carmaker and which gets 31 percent of its revenue in North America, fell the most since November after the yen surged to the highest level in a week against the dollar.
“Contrary to expectations, America is on its way to a well-grounded recovery,” said Akio Yoshino, chief economist in Tokyo at Societe Generale Asset Management (Japan) Co., which manages the equivalent of $14 billion. “It’s a positive surprise, reflected in the market today.”