Sunday, May 6, 2007

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

(Bloomberg) -- Japanese stocks advanced, led by exporters including Canon Inc., 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.

Key indexes headed for their biggest gain since April 4 with Canon climbing 2.2 percent, the most since April 16.


Read more at Bloomberg Stocks News

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