Sunday, July 1, 2007

Japan Stocks May Rise Should Tankan Show Higher Confidence; Banks May Gain

(Bloomberg) -- Japanese stocks may advance, led by
machinery makers such as Komatsu Ltd., should the Bank of Japan's
quarterly survey of business sentiment show improved confidence
and rising capital spending.

The Tankan survey will show a measure of the outlook among
large manufacturers probably rose to 22 in the latest quarter,
from 20 in the first three months of 2007, economists said.
Companies likely plan to boost capital spending by 9 percent in
the coming year, up from 2.9 percent in the previous survey. The
Tankan will be released by the central bank 10 minutes before the
start of trading today.


Read more at Bloomberg Stocks News

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