Sunday, May 6, 2007

Japan's Shares Climb, Led by Canon, on U.S. Interest-Rate Cut Expectations

(Bloomberg) -- Japanese stocks advanced, led by exporters on speculation that slowing U.S. jobs growth and wage increases will prompt the Federal Reserve to cut borrowing costs in Japan's biggest overseas market.

The Topix index headed for the biggest gain since March 8 with Canon Inc. jumping 3.1 percent and Honda Motor Co. climbing 1.5 percent.


Read more at Bloomberg Stocks News

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