Thursday, May 24, 2007

Japanese Stocks Drop, Led by Exporters on Concern U.S. Rates Won't Be Cut

(Bloomberg) -- Japanese shares declined by the most
in a month. Exporters paced losses on concern the U.S. Federal
Reserve will lift borrowing costs in Japan's largest overseas
market after a report showed home sales unexpectedly climbed.

Canon Inc., the world's largest digital camera maker,
dropped 2 percent and Toyota Motor Corp., the world's No.1
automaker by market value, fell 1.5 percent.


Read more at Bloomberg Stocks News

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