Global Markets: Asian shares up with eye on fiscal cliff, yen slips more

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Asian shares rose amid caution as US lawmakers prepared to resume talks to avoid a fiscal crunch. (Reuters) Asian shares rose amid caution as US lawmakers prepared to resume talks to avoid a fiscal crunch. (Reuters)
SummaryAsian shares rose amid caution as US lawmakers prepared to resume talks to avoid a fiscal crunch.

definitely I wouldn't go against the trend. The trend is quite clear at this point in time."

New Japanese Finance Minister Taro Aso said the prime minister had ordered him to compile a stimulus package without adhering to the previous government's 44 trillion yen ($519 billion) cap on new bond issuance.

The benchmark 10-year Japanese government bond yield rose to three-month highs of 0.80 percent, while lead 10-year JGB futures hit a three-month low of 143.48.

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