Monday, May 28, 2007

Japan Stocks May Drop Should Household Spending, Job Data Miss Forecasts

(Bloomberg) -- Japanese stocks may slip should
measures of household spending and employment miss forecasts.
Domestic demand-related shares including Seven & I Holdings Co.
may pace losses.

``Employment and consumer spending are not on a sustained
recovery track,'' said Yoshihisa Okamoto, who helps oversee $1.9
billion in assets at Fuji Investment Management Co. in Tokyo.
``That's making it hard to be a buyer of department store and
supermarket stocks.''


Read more at Bloomberg Stocks News

No comments: