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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?
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To: Julius Wong who wrote (3730)12/9/2005 11:47:34 PM
From: borb   of 3902
 
Dec. 8 (Bloomberg) -- Confidence among Japan's largest manufacturers probably rose to the highest level in a year, stoked by sustained growth in the world's second-largest economy, stock market records and soaring exports.

The Bank of Japan's Tankan confidence index climbed to 23 in the third quarter from 19 in the second, according to the median forecast of 22 economists in a Bloomberg survey. Non- manufacturers' confidence likely rose to 17, the highest since 1992, from 15. A positive number means optimists outnumber pessimists. The index is due for release at 8:50 a.m. on Dec. 14.

Japan's Nikkei 225 Stock Average surged to a five-year record this week as companies including Matsushita Electric Industrial Co. and Toyota Motor Co. unveil expansion plans to meet rising demand at home and overseas. Increasing confidence among businesses signal companies expect the economy to sustain the longest period of expansion in eight years.

bloomberg.com
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