JAPAN-Nikkei-Time to go back up? Message Board

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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?

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To: borb who started this subject	8/9/2003 7:23:04 PM
From: Julius Wong	Read Replies (1) of 3902

Strong economic signs from all sides Japan machinery orders jump; BOJ stays put on policy TOKYO (CBS.MW) -- Japan's economy showed more signs of strengthening Friday, as a surprise jump in machinery orders last month turned around a stock market headed for a fifth straight day of losses. The government announced in the afternoon that private-sector machinery orders surged by a better-than-expected 2.4 percent in June from the previous month to 954 billion yen ($8 billion). The amount was the largest in two years and suggested that capital spending could increase later this year. Following the report, financial markets reversed gears, with the yen strengthening vs. the dollar and the Nikkei Average erasing losses to snap a four-session losing streak. cbs.marketwatch.com

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