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Last updated: December 26, 2012 9:29 am
The Nikkei 225 Average advanced 1.5 per cent to a nine-month high of 10,230.36 after rising 1.4 per cent on Tuesday. The broader Topix index rose 1.2 per cent to 847.71.
Gains were most prominent for export-related stocks after the yen extended losses against other major currencies.
Mr Abe is expected to add pressure on the Bank of Japan to ease monetary policy further by introducing a 2 per cent inflation target to combat decades-long deflation.
He has threatened to revise the law governing the BoJ if it refuses to introduce that target at its January policy meeting.
Export-related stocks, including steelmakers, car producers and shipping lines, were at the top of the Nikkei leaderboard. Kawasaki Kisen Kaisha , the country’s third-biggest shipping line, jumped 8.1 per cent to Y133 on hopes a more competitive Japan will mean more trade between its import and export partners.
Toyota gained 1.3 per cent to Y3,830 as the company set out its bid to regain its position as the world’s largest carmaker from General Motors of the US and Germany’s Volkswagen.
The company, which expects sales growth of 22 per cent to a record 9.7m units this year, targeted a further 2 per cent rise in 2013 to 9.91m vehicles.
Consumer electronics group Sony , meanwhile, rose 4 per cent to Y943.
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