(Bloomberg) -- Japanese stocks slipped, led by electronics companies such as Kyocera Corp. after electrical parts inventories rose for a second month, suggesting demand may be slowing for their products.
``Electronics parts inventories are a bit excessive,'' said Yoshinori Nagano, who helps oversee about $70 billion at Daiwa Asset Management Co. in Tokyo. ``The inventory numbers are an important indicator as to the economic cycle for electronics companies and when it rises that's a sign that production may be headed for a decline.''
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