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Nikkei climbs 1.4 pct on hopes of Fed, ECB stimulus

Tue Aug 7, 2012 8:10pm EDT 

TOKYO, Aug 8 (Reuters) - Japan's Nikkei average rose for a
third day in a row on Wednesday, powered by exporters, as
expectations that the U.S. Federal Reserve and European Central
Bank will provide more stimulus boosted risk appetite.
    The Nikkei climbed 1.4 percent to 8,923.42, breaking
above the 75-day moving average at 8,807.78 and setting its
sight on the 200-day moving average at 8,955.67. 
    The broader Topix was up 1.2 percent at 752.70.
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