Thursday, July 5, 2007

Japanese Stocks Slide on Rising Bond Yields, Abe Consumption Tax Comment

(Bloomberg) -- Japanese stocks slipped, snapping a
six-day rally. Property developers and electric power companies
paced declines after yields on U.S. and Japanese government
bonds climbed, raising borrowing costs for businesses.

Mitsubishi Estate Co. lost 1.8 percent, while Tokyo
Electric Power Co. fell the most in four weeks.


Read more at Bloomberg Stocks News

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