Wednesday, June 13, 2007

Japan's Shares Climb, Led by Nintendo, on Higher U.S. Spending, Weaker Yen

(Bloomberg) -- Japanese stocks rose after U.S.
retail sales jumped by the most in more than a year. Exporters
including Nintendo Co. led gains on speculation higher consumer
spending and lower borrowing costs in Japan's largest overseas
market will lift profits.

Exporters such as Toyota Motor Corp. also got a boost after
the yen weakened to the lowest against the dollar since 2002,
and the Federal Reserve said in its Beige Book survey the U.S.
economy is growing without stoking inflation.


Read more at Bloomberg Stocks News

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