Japan stocks rise ahead of central-bank decision
Posted: Tue Oct 30, 2012 2:35 pmJapan stocks rise ahead of central-bank decision
from MarketWatch.com - MarketPulse
LOS ANGELES (MarketWatch) -- Japanese stocks rose broadly early Tuesday ahead of a Bank of Japan policy decision due later in the day, as weak economic data prior to the open added to the case for more policy easing. The Nikkei Stock Average rose 0.6% to 8,982.56, while the Topix gained 0.4%. The advance was widespread, with Canon Inc. up 1.9%, Suzuki Motor Corp. ahead by 2.5%, and J. Front Retailing Co. improving 1.7%. The gains came despite a worse-than-expected 4.1% drop in industrial output during September, as well as an unexpected fall in household spending. Among major movers, Sharp Corp. surged 6.8% on an anonymously sourced Kyodo News report that it had entered talks for a flat-panel alliance with Apple Inc. , Microsoft Corp. and Google Inc. . Among financials, Nomura Holdings Inc. climbed 2.1% after swinging to a small profit for the fiscal second quarter.
from MarketWatch.com - MarketPulse
LOS ANGELES (MarketWatch) -- Japanese stocks rose broadly early Tuesday ahead of a Bank of Japan policy decision due later in the day, as weak economic data prior to the open added to the case for more policy easing. The Nikkei Stock Average rose 0.6% to 8,982.56, while the Topix gained 0.4%. The advance was widespread, with Canon Inc. up 1.9%, Suzuki Motor Corp. ahead by 2.5%, and J. Front Retailing Co. improving 1.7%. The gains came despite a worse-than-expected 4.1% drop in industrial output during September, as well as an unexpected fall in household spending. Among major movers, Sharp Corp. surged 6.8% on an anonymously sourced Kyodo News report that it had entered talks for a flat-panel alliance with Apple Inc. , Microsoft Corp. and Google Inc. . Among financials, Nomura Holdings Inc. climbed 2.1% after swinging to a small profit for the fiscal second quarter.