The Tokyo Stock Exchange closed up 1.56% Monday, ending in the green for the first time in six sessions, coinciding with the rebound of the euro and U.S. index futures.

The Nikkei gained 127.48 points to 8,287.49, after falling last week to a low of two and a half years.Government sources in Rome say they know nothing of any request for assistance from outside of Italy.

A trader in Tokyo noted, however, that markets remain very cautious about the debt crisis in the euro area.

"I thought that Italy would stabilize somewhat after the departure of (Silvio) Berlusconi, but the degradation of Belgium and the high yield suggests that Europe has entered a black hole," said Fumiyuki Nakanishi, strategist at SMBC Friend Securities.

"We do not know where is the next mine."

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