Sunday, April 15, 2007

Japan Shares Climb; Canon Gains After Yen Falls to Record Low Versus Euro

(Bloomberg) -- Japanese shares rose, led by Canon Inc. and Honda Motor Co., after the yen fell to a record low against the euro, boosting the value of exports to Europe.

``Automaker and technology stocks will benefit from the view that the trend of a weaker yen won't change for at least another year,'' said Masanaga Kono, who helps manage about $14 billion at Societe Generale Asset Management (Japan) Co. in Tokyo. ``I changed my stance on technology stocks to neutral from bearish on the expectation their earnings may improve this business year.''


Read more at Bloomberg Stocks News

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