Sunday, July 1, 2007

Japan Machinery Stocks May Drop on Tankan Spending Plans,Led by Komatsu

(Bloomberg) -- Shares of Japanese machinery makers
such as Komatsu Ltd. may fall after capital spending plans in
the Bank of Japan's quarterly Tankan survey missed economists'
forecasts.

Companies plan to boost capital spending by 7.7 percent in
the coming year, lower than a forecast for a 9 percent increase
according to the business confidence survey published 10 minutes
before the start of trading.


Read more at Bloomberg Stocks News

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