Monday, July 2, 2007

Stocks up, yen weak as tankan supports BOJ view

(Reuters) - The BOJ tankan survey confirmed sluggishness in some areas of Japan's recovery, dispelling any talk of a rate hike this month.




"At the same time, the survey was not weak enough to scale back expectations for a BOJ rate hike in August," said Masaki Fukui, senior market economist at Mizuho Corporate Bank.


Read more at Reuters.com Hot Stocks News

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