Ao minuto: Imposto europeu sobre lucros extraordinários na energia "a ser avaliado". Trump ameaça com “ofensiva mais forte”

[Garfield]

Oct. 16 (Bloomberg)

-- Japanese stocks fell, led by financial companies, after Citigroup Inc. warned that subprime mortgages in the U.S. will continue to plague financial markets.

Nomura Holdings Inc. slumped 3.9 percent after Japan's largest brokerage said it will have its first quarterly pretax loss in more than four years because of losses on U.S. mortgage- backed securities.

``Nomura's announcement of additional losses due to subprime securities shows this is not just limited to the U.S.,'' said Terunobu Kinoshita, who helps manage $785 million at Fund Creation Co. in Tokyo. ``This is a bearish development for the market and investors need to take heed of the warning signals.''

Mitsubishi Corp. led oil-related companies higher after the price of crude surged to a record.

<b>The Nikkei 225 Stock Average lost 84.90, or 0.50 percent, to 17,273.25 as of 9:10 a.m. in Tokyo</b>. The broader Topix index slid 9.42, or 0.6 percent, to 1,648.02.

Nikkei futures expiring in December lost 0.5 percent to 17,310 in Osaka and fell 0.5 percent to 17,315 in Singapore.

In other Asian markets open for trading, Australia's S&P/ASX 200 Index fell 0.7 percent and South Korea's Kospi index declined 0.6 percent.

[Thunder]

Olá a todos

Hoje a sessão asiática é capaz de ser "engraçada" .... Garfield deves ter uma noite animada hoje. Bons negócios no Nikkei

Um abraço a todos e BN

[Garfield]

Oct. 15 (Bloomberg) -- Japanese shares advanced after U.S. retail sales climbed more than forecast, alleviating concern the world's largest economy will enter a recession.

Canon Inc., which made almost 75 percent of its sales overseas last year, rose 0.8 percent. Murata Manufacturing Co. gained after the yen weakened against the dollar. The Standard & Poor's 500 Index added 0.5 percent in the U.S. on Oct. 12 and the Nasdaq Composite Index jumped 1.2 percent.

``The U.S. is providing a reason to buy stocks here today, while the yen's move lower is an added bonus,'' said Norihiro Fujito, a senior strategist at Mitsubishi UFJ Securities Co. in Tokyo.

The Nikkei 225 Stock Average added 81.71, or 0.5 percent, to 17,412.88 as of 9:41 a.m. in Tokyo. The broader Topix index rose 6.22, or 0.4 percent, to 1,665.70.

Mitsubishi Corp. led gains by oil-related companies after crude touched an intraday record of $84.05 per barrel in New York on Oct. 12.

Rohm Co., which makes customized semiconductors for consumer electronics products, paced declines by chip-related companies after Nomura Holdings Inc. lowered its rating on the industry in Asia.

Canon advanced 50 yen, or 0.8 percent, to 6,220. Murata, the world's largest maker of ceramic capacitors used to regulate electricity in mobile-phone handsets, surged 310 yen, or 3.8 percent, to 8,480. Matsushita Electric Industrial Co., the world's largest maker of consumer electronics, gained 20 yen, or 1 percent, to 2,110.

Retail Sales

U.S. retail sales expanded by 0.6 percent in September, more than the 0.2 percent projected by economists polled by Bloomberg, adding to evidence the housing slump won't lead to recession. A separate government report showed producer prices excluding food and energy gained less than estimated.

The yen recently changed hands at 117.68 against the dollar, from 117.18 at the close of trading in Tokyo on Oct. 12. A weaker yen increases the value of Japanese exporters' dollar- denominated sales when converted back into local currency.

Mitsubishi Corp., which generates the second-biggest proportion of its sales from selling crude and industrial fuel, rose 20 yen, or 0.5 percent, to 3,780. Mitsui & Co., the nation's No. 2 trading house, rose 55 yen, or 1.9 percent, to 2,940.

Crude oil for November delivery rose 0.6 percent to $83.69 a barrel on Oct. 12, a record close, after reaching $84.05, the highest since futures began trading in 1983, earlier in the session. The contract was recently at $83.67.

Weak Prices

Rohm fell 60 yen, or 0.6 percent, to 10,130. Toshiba Corp., the world's second-biggest maker of flash memory chips, lost 3 yen, or 0.3 percent, to 1,050.

Sun Chung and Rick Hsu, analysts at Nomura's Korean and Taiwan offices, lowered their recommendation on the semiconductor industry to ``neutral'' from ``bullish'' in a note to clients dated Oct. 12. Companies have been aggressive in increasing production, which spells weak prices during the next six months, they wrote.

TDK Corp., Japan's largest maker of magnetic heads for hard disk drives, slid 280 yen, or 2.7 percent, to 10,030 after JPMorgan Chase & Co. cut its rating on the stock to ``neutral.''

Calsonic Kansei Corp., an auto-parts affiliate of Nissan Motor Co., soared 48 yen, or 9 percent, to 582, the highest since April 6, after Merrill Lynch & Co. boosted its recommendation on the shares to ``buy.''

Nikkei futures expiring in December climbed 0.6 percent to 17,450 in Osaka and rose 0.6 percent to 17,450 in Singapore.

In other Asian markets open for trading, Australia's S&P/ASX 200 Index gained 0.6 percent and South Korea's Kospi index climbed 0.7 percent.

[Garfield]

Sept. 20 (Bloomberg)

-- Japanese stocks advanced after the government said commercial land prices rose nationwide for the first time in 16 years. Mitsubishi Estate Co. led gains.

``With the concern of a credit crisis receding, bank and real estate stocks will rally,'' said Mitsushige Akino, who oversees $468 million at Ichiyoshi Investment Management Co. in Tokyo.

Commodity-related shares gained as oil traded near a record close and after metal prices advanced.

The Nikkei 225 Stock Average added 71.55, or 0.4 percent, to 16,453.09 as of 9:41 a.m. in Tokyo. The broader Topix index gained 5.82, or 0.4 percent, to 1,573.40.

In other Asian markets, Australia's Standard & Poor's ASX/200 Index gained 0.7 percent and South Korea's Kospi Index was little changed.

Mitsubishi Estate, Japan's biggest property developer by market value, rose 100 yen, or 3.3 percent, to 3,100. Mitsui Fudosan Co., the largest by sales, added 90 yen, or 3.2 percent, to 2,905. K.K. DaVinci Advisors, which runs the nation's biggest real estate investment fund, gained 2,400 yen, or 3.4 percent, to 74,000.

Japan's commercial land prices gained 1 percent overall, the first increase since 1991, while the decline in nationwide residential land prices narrowed to 0.7 percent from 2.3 percent, the Ministry of Land, Infrastructure and Transport said yesterday after the market closed.

Land prices in the country's three largest metropolitan areas rose for a second-straight year. The value of property in the Tokyo, Osaka and Nagoya regions gained 5.1 percent on average for the year ended June 30 from an increase of 0.9 percent a year earlier.

Commodity Stocks Gain

Mitsubishi Corp., Japan's biggest trading company which sells industrial fuel and metals, rose 50 yen, or 1.5 percent, to 3,490. Japan Petroleum Exploration Co., the nation's second- biggest oil explorer, added 200 yen, or 2.5 percent, to 8,160. Sumitomo Metal Mining Co., the largest nickel producer, climbed 105 yen, or 4.1 percent, to 2,660.

Crude oil for October delivery was recently at $81.84 a barrel in after-hours electronic trading on the New York Mercantile Exchange. Yesterday, the contract, which expires at today's close, rose 0.5 percent to $81.93 and touched $82.51 earlier in the session, the highest intraday price since trading began in 1983.

Copper futures for December delivery jumped 3.7 percent to $3.5755 a pound in New York, the price reached $3.605, the highest since Aug. 2. Nickel for delivery in three months, which surged 11 percent in London, climbed as much as 12.2 percent, the most since March 1988.

Mitsubishi Nicos

Land Business Co., which provides property planning and consulting services, gained 2,000 yen, or 2.9 percent, to 71,000 after saying the Tokyo Stock Exchange approved its move to the bourse's first section on Sept. 26.

Mitsubishi UFJ Nicos Co. was untraded with the latest offer of 256 yen, down from yesterday's closing price of 276. The Nikkei newspaper reported the provider of credit card services expects a 100 billion yen ($836 million) loss for this business year because of costs to cut jobs and take other restructuring steps.

Mitsubishi UFJ Nicos said in a statement to the Tokyo Stock Exchange it is in talks to form a capital alliance with Mitsubishi UFJ Financial Group Inc.

TIS Inc., which provides computer system construction and data processing services, tumbled 258 yen, or 12 percent, to 1,822, the largest slide since July 31, 2006, after UBS AG. cut its rating on the stock to ``neutral'' from ``buy.''

Nikkei futures expiring in December added 0.2 percent to 16,410 in Osaka and gained 0.3 percent to 16,410 in Singapore.

[Garfield]

Japan Stocks Rise After U.S. Fed Cuts Rates More Than Expected

By Makiko Suzuki and Kiyori Ueno

Sept. 19 (Bloomberg)

-- Japanese stocks jumped after the U.S. Federal Reserve unexpectedly cut its benchmark rate by half a percentage point, easing concern a credit market crisis and the housing slump will slow the world's largest economy.

Canon Inc., the world's biggest digital camera maker, climbed 3.5 percent and Honda Motor Co., Japan's No.2 automaker by sales, gained 2.9 percent.

In the U.S. equity market, key indexes rose most since at least April 2003, following the first rate cut in four years.

``The bigger-than-expected rate cut and the jump in U.S. stocks will push shares of companies sensitive to the global economy higher,'' said Mamoru Shimode, chief strategist at Resona Bank Ltd. in Tokyo. ``I'm expecting a broad rally today.''

<b><u>The Nikkei 225 Stock Average added 463.75, or 2.9 percent, to 16,265.55 as of 9:15 a.m. in Tokyo</b></u>. No stocks included in the benchmark fell. The broader Topix index gained 48.12, or 3.2 percent, to 1,559.07.

In other Asian markets, Australia's Standard & Poor's ASX/200 Index gained 2.6 percent and South Korea's Kospi Index surged 3.4 percent.

<u>Investors will also be closely monitoring the Bank of Japan's decision on interest rates, scheduled to be announced later today. The central bank is expected to keep the key overnight lending rate at 0.5 percent.</u>

Nikkei futures expiring in December climbed 3.1 percent to 16,270 in Osaka and rose 2.8 percent to 16,265 in Singapore.

[Enslaved]

Porquê "bin laden puts" ?

porque se desconfia que alguem planeia um atentado terrorista de grandes dimensoes supostamente até vinte e tais deste mês.

obrigado Garfield pelo esclarecimento . Por acaso tinha já essa informação mas não sabia era que seria já este mês

P.S. Penso que haverá um pequeno rally, depois voltam as preocupações do irão, gasolina, terrorismo, etc

[Garfield]

Porquê "bin laden puts" ?

porque se desconfia que alguem planeia um atentado terrorista de grandes dimensoes supostamente até vinte e tais deste mês.

[Enslaved]

Entrou logo a subir +1.5 % Amanhã temos festa

[Enslaved]

Porquê "bin laden puts" ?

[Garfield]

mais uma abertura negativa, esperava-se suporte nos 16.000 pts mas tal nao sucedeu cotando ja à volta dos 15.900 ( mais de 1% negativo );

os motivos estão à vista:

preocupações com o "subprime" e na falta de liquidez do sistema;

previsões para o crude acima dos 81 dolares baseadas numa queda dos stocks americanos;

previsoes de danos negativos causados pelo "subprime" nos resultados do Bank of America;

com o petroleo a subir e o possivel arrasto da inflação será interessante ver para que lado da balança o FED tombará na reunião de amanha.

se calhar os "puts" que ja estao conhecidos como "bin laden puts" fora comprados pelos que participam na reuniao , hummmm e esta hein?

[Garfield]

TOKYO, Sept 12 (Reuters) - Japanese stocks closed lower on Wednesday following a shock resignation announcement by Prime Minister Shinzo Abe, with the Nikkei down by 0.5 percent as political uncertainty weighed on the market amid thin trade. Sales of futures contributed to the decline, which saw shares of banks such as Sumitomo Mitsui Financial Group (8316.T: Quote, Profile, Research) slide.

The Nikkei average (.N225: Quote, Profile, Research) ended down by 80.07 points at 15,797.60, while the broader TOPIX index (.TOPX: Quote, Profile, Research) was down 0.3 percent to 1,528.27.

[Garfield]

sera que o objectivo de hoje é apenas fechar o "gap" de segunda-feira?

Japan's Stocks Rise, Led By Honda;
Inpex Gains After Oil Climbs

Sept. 12 (Bloomberg)

-- Japanese stocks advanced after U.S. shares rallied on speculation economic growth there will be sustained. Honda Motor Co. climbed.

Exporters led gains after the yen dropped against the dollar, increasing the value of their overseas sales in local currency terms.

``If investors see the world economy is expanding, machinery makers and trading companies will be targets'' of buying, said Hiroichi Nishi, an equities manager at Nikko Cordial Securities Inc. in Tokyo. ``The yen has weakened and this will probably stimulate demand for exporters.''

Inpex Holdings Inc. and other commodity-related shares rose after oil climbed to a record close in New York.

The Nikkei 225 Stock Average added 75.97, or 0.5 percent, to 15,953.64 as of 9:31 a.m. in Tokyo. The broader Topix index gained 8.61, or 0.6 percent, to 1,541.00. Gauges tracking technology-related companies and automakers accounted for more than one third of the Topix's advance.

Nikkei futures expiring in September climbed 0.7 percent to 15,950 in Osaka and rose 0.8 percent to 15,955 in Singapore.

In other Asian markets, Australia's Standard & Poor's ASX/200 Index gained 0.8 percent and South Korea's Kospi Index added 0.2 percent.

Honda, whose largest market is North America, jumped 40 yen, or 1.1 percent, to 3,740. Canon Inc., the world's biggest digital camera maker, added 40 yen, or 0.7 percent, to 6,020. Canon made almost one third of its sales in North America last year.

Trade Deficit Narrows

In the U.S. the Standard & Poor's 500 Index added 1.4 percent to 1,471.49 and the Dow Jones Industrial Average climbed 1.4 percent to 13,308.39 yesterday. Both gauges posted the biggest gain since Aug. 29.

August global sales at McDonald's Corp. grew 8.1 percent, exceeding the estimate by John Glass, a CIBC World Markets Corp. analyst, of a 4.6 percent increase. Shares of General Motors Corp. jumped after the automaker said demand is strong enough to charge more for cars.

The U.S trade gap unexpectedly shrank 0.3 percent in July, as exports rose to a record, suggesting strong demand overseas. Surging exports may help cushion the U.S. economy from the impact of higher borrowing costs.

The trade deficit narrowed to $59.2 billion from a revised $59.4 billion in June, the Commerce Department said yesterday. Economists anticipated a shortfall of $59 billion.

Yen, Oil Price

Elsewhere, a private report said employers in the U.S. plan to maintain hiring in the fourth quarter at the same pace as in the prior six months. Manpower Inc., the world's second-largest provider of temporary workers, said its employment index for September through December held at 18 for a third consecutive quarter.

The yen recently traded at 114.12 against the dollar, weakened from 113.84 at 3 p.m. close yesterday. A weaker yen boosts dollar-denominated sales of Japan's exporters when they converted back to the local currency.

Inpex, Japan's biggest oil explorer, advanced 20,000 yen, or 1.9 percent, to 1.09 million. Its smaller rival AOC Holdings Inc. climbed 34 yen, or 2 percent, to 1,727. Mitsubishi Corp., Japan's No. 1 trading company, gained 60 yen, or 1.9 percent, to 3,210. Mitsubishi Corp. generates the second-biggest proportion of its sales from selling crude and industrial fuel.

Crude oil for October delivery rose 1 percent to $78.23 a barrel in New York, the highest since trading began in 1983. It was recently at $78.18.

Komatsu Ltd., the world's second-largest maker of earthmoving equipment, advanced 100 yen, or 3.1 percent, to 3,380 after the Nikkei newspaper reported the company may raise its half-year dividend by as much as 8 yen ($0.07) to 21 yen.

[Garfield]

ontem o minimo acabou por ser 10 pontos abaixo do que referi mas foi por uma questao de minutos tendo consolidado após isso.

hoje apesar de uma abertura fraquita ao sair a noticia seguinte o mercado iniciou um rallye dos 15621 até aos 15804 o que representa 183 pontos em 40 a 45 minutos.

Japan Machine Orders Surge Three Times Forecast Pace (Update4)

By Lily Nonomiya

Sept. 11 (Bloomberg)

-- Japan's machinery orders surged at three times the pace forecast by economists in July, easing concern the economy will contract for a second quarter.

Orders climbed a seasonally adjusted 17 percent to 1.12 trillion yen ($9.9 billion) from June, the Cabinet Office said in Tokyo today. The gain was led by demand for electronic machinery, such as equipment used to make semiconductors.

The largest increase in orders in almost four years suggests Japan's economy may be able to withstand a slowdown in the U.S. should a housing recession there spread to consumer spending. Canon Inc. said yesterday it plans to build a factory that will employ 1,000 in northern Japan to make ink cartridges for printers and photocopiers.

``This is a relief for Japan's economy,'' said Mamoru Yamazaki, chief Japan economist at RBS Securities in Tokyo. ``The report implies capital spending can continue to lead the economy, offsetting any weakness in consumer spending.''

Orders typically point to spending plans in three to six months. Today's data is a gauge of corporate demand in July, before market gyrations brought about by concern that U.S. subprime mortgage losses would slow global economic growth.

The median estimate of 38 economists surveyed by Bloomberg News was for a 5 percent rebound from June's 10.4 percent slump.

The yen traded at 113.60 per dollar at 11:02 a.m. in Tokyo, from 113.49 before the report was released. The yield on the 10- year bond rose 2 basis points to 1.53 percent.

Investment Decline

Corporate spending fell by the most in more than two years in the second quarter. Japan's economy shrank at a 1.2 percent annual rate in the quarter, the largest contraction since 2003, the government said yesterday.

``We cannot rule out the possibility the drop in capital spending was temporary,'' Economic and Fiscal Policy Minister Hiroko Ota told reporters in Tokyo today. ``Other capital spending data show robustness.''

Canon, Japan's most profitable office-equipment maker, will invest about 80 billion yen to build a factory in northern Japan to make ink cartridges for printers and photocopiers.

``Capital investment will surely rebound in the third quarter and push up GDP'' to an annual pace of about 2 percent, said Hiroaki Muto, a senior economist a Sumitomo Mitsui Asset Management Co. in Tokyo. ``Given that corporate profits and sales have been firm, Japan's capital investment is still expanding.''

Spending Plans

Japanese companies said last month they were planning to increase spending this quarter by 3.7 percent, the first gain this year, more evidence that the economy's decline in the three months ended June 30 was temporary.

The broadest indicator of the outlook for growth was 70 percent in July, also suggesting the economy will rebound. A reading of 50 or more indicates the economy may expand in three to six months.

Some economists say the U.S. housing recession may curb demand among consumers there for Japan's cars and electronics, forcing companies to pare back outlays later this year.

In a sign that demand outside Japan may be slowing, overseas orders fell 10.8 percent in July, the second monthly drop, today's report showed.

``Export growth may stall, damping expectations for a rebound in production and leading to a slowdown in spending,'' said Yoshimasa Maruyama, an economist at BNP Paribas Securities Japan Ltd. in Tokyo.

Reports in the past month signal that domestic demand in Japan is weakening, with production sliding 0.4 percent in July and household spending posting the biggest decline this year.

Investors see a zero percent chance the Bank of Japan will raise its benchmark overnight lending rate from 0.5 percent when policy makers conclude their next meeting on Sept. 19, according to Credit Suisse Group calculations based on interest-rate swaps.

[Garfield]

15,661 -461.62 -2.86%

agora sim parece-me o minimo para hoje...sendo assim vou me deitar que amanhã é um grande dia

[Garfield]

Japanese Stocks Slump After U.S. Employment Unexpectedly Drops

By Patrick Rial

Sept. 10 (Bloomberg)

-- Japanese stocks tumbled after the number of jobs in the U.S. unexpectedly fell for the first time in four years and Japan's economy contracted more than forecast, raising concern weakening growth will curb profits.

Sony Corp. led exporters lower after the yen had its third- biggest gain against the dollar this year, while Mitsubishi UFJ Financial Group Inc. paced declines by domestic demand-related companies.

``Up until now we had seen the subprime turbulence contained in the real estate and financial sectors, but the employment figures show that it's moved beyond that, and the fear is that consumer spending will be next,'' said Norihiro Fujito, a senior strategist at Mitsubishi UFJ Securities Co. in Tokyo. ``The bulls are disappearing.''

The Nikkei 225 Stock Average lost 392.00, or 2.4 percent, to 15,730.926 as of 9:35 a.m. in Tokyo. The broader Topix index dropped 38.53, or 2.5 percent, to 1,518.49.

Sony, which makes about 70 percent of its sales outside Japan, plunged 290 yen, or 5.1 percent, to 5,350. Toyota Motor Corp., the world's largest automaker by value, slid 220 yen, or 3.3 percent, to 6,380. Canon Inc., the world's largest seller of digital cameras, tumbled 240 yen, or 3.8 percent, to 6,040.

U.S. payrolls unexpectedly shrunk by 4,000 jobs last month, compared with a 100,000 gain expected by economists in a Bloomberg survey. Manufacturers, builders and the government led the drop. All 10 industry groups in the S&P 500 declined following the report.

Yen Advances

The yen climbed to 112.95 against the dollar recently, from 115.08 at the close of stock trading in Tokyo last week. Japan's currency surged 1.7 percent in New York, its third-largest advance this year. A stronger yen decreases the value of Japanese exporters' dollar-denominated sales when converted back into local currency.

Mitsubishi UFJ, the nation's largest lender, fell 40,000 yen, or 3.8 percent, to 1.02 million. Nomura Holdings Inc., Japan's largest brokerage, lost 89 yen, or 4.7 percent, to 1,801. Sumitomo Realty & Development Co., the country's third-biggest property developer, slid 130 yen, or 3.9 percent, to 3,180.

Japan's economy shrank at a 1.2 percent annual rate in the three months ended June 30, the first decline in three quarters and below the government's initial estimate for a 0.5 percent expansion, the Cabinet Office said. Economists had forecast a 0.7 percent contraction.

J. Front Retailing Co. Ltd., Japan's biggest department store operator, jumped 36 yen, or 3.5 percent, to 1,060 after the shares were chosen for addition to the Nikkei 225. Sumco Corp., the world's second-biggest maker of silicon wafers, which will also be included, slid 190 yen, or 3.1 percent, to 5,940.

Obliged To Buy

About $50 billion is invested in so-called passive funds linked to the Nikkei 225, according to JPMorgan Chase & Co. the funds will be forced to purchase shares of the two companies added to the index and will sell cooking oil-maker Nisshin Oillio Group and steelmaker Topy Industries Ltd., which will be deleted. The changes take effect on Oct. 1.

Nikkei futures expiring in September dropped 2.4 percent to 15,750 in Osaka and Singapore.

In other Asian markets open for trading, Australia's S&P/ASX 200 Index lost 1.9 percent and South Korea's Kospi index slid 2.7 percent. New Zealand's NZX 50 Index retreated 0.7 percent.

[Garfield]

15,697.50 - 424.66 -2,63%

e isto ainda não é o minimo da sessão...

[HOSTILE]

Mais lenha para a fogueira!





Japan's Economy Contracts a More-Than-Expected 1.2% (Update1)

By Lily Nonomiya

Sept. 10 (Bloomberg) -- Japan's economy contracted at almost twice the expected pace in the second quarter after companies pared spending on new equipment.

The economy shrank at a 1.2 percent annual rate in the three months ended June 30, the first decline in three quarters and below the government's initial estimate for a 0.5 percent expansion, the Cabinet Office said in Tokyo today.

A survey last week showed that capital spending fell for the first time in four years as services companies cut back investment from a record level the preceding quarter. The economy's contraction, along with concern the U.S. housing recession may spread and slow the global expansion, will probably force the Bank of Japan to hold off raising borrowing costs when it meets next week.

``This is a major setback for a September rate increase,'' said Junichi Makino, a senior economist at Daiwa Research Institute in Tokyo, before the numbers were released. ``Capital spending left a weak impression last quarter so we'll have to pay close attention for more signs it is stalling.''

The median forecast of 31 economists surveyed by Bloomberg News was for the economy to recede at a 0.7 percent annual pace.

Japan's yen traded at 112.91 per dollar at 9:01 a.m. in Tokyo from 113 before the report was published.

The Cabinet Office revised the data to show that the last time the economy contracted was in the third quarter of 2006, when it fell 0.1 percent.

Interest Rates

Investors see a 2 percent chance that the bank will raise the benchmark rate from 0.5 percent when policy makers conclude their next meeting on Sept. 19, according to Credit Suisse Group calculations based on interest payments.

Expectations of a rate increase have fallen since losses on U.S. subprime mortgages caused corporate credit costs to jump, global stocks to plummet and the yen to surge.

The Federal Reserve will probably cut its key rate to 5 percent from 5.25 percent when it meets Sept. 18, according to the median forecast of 111 economists surveyed by Bloomberg News.

``A September increase is very unlikely as the BOJ won't want to tighten policy at a time when global market stability is a top priority,'' said Hideo Kumano, a senior economist at Dai- Ichi Life Research Institute and a former BOJ official. ``They especially wouldn't want to raise rates a day after the Fed cuts them.''

Exports Slow

Since July, economic growth has shown signs of losing momentum. The trade surplus shrank for the first time this year on weak export growth and industrial production fell. Household spending, a measure of consumer activity, had the biggest drop since December.

Japan's economic expansion has cooled since growth surged at a 5.4 percent clip in the fourth quarter, the fastest pace in two years.

The slide in business investment last quarter may have been exaggerated, some economists contend, because of a distorting reshuffle of the companies surveyed in the report.

The figures ``appear to have been influenced heavily by the reshuffle,'' said Takuji Aida, chief Japan economist at Barclays Capital in Tokyo. ``With profits remaining firm, we believe any risk of a sharp slowdown in capital investment is small.''

There are indications the economy will accelerate again.

Japan's broadest indicator of the outlook for growth was 70 in July, signaling the economy will rebound. A reading of 50 or more indicates the economy may expand in three to six months.

Industrial Production

Manufacturers expect industrial production to improve after July's drop. They forecast then that output would rise 6.8 percent in August and 2.5 percent in September.

A report tomorrow is expected to show that machinery orders, which point to capital spending in three to six months, probably rose 5.3 percent in July, according to the median forecast of 21 economists surveyed by Bloomberg News.

``My scenario is Japan's economy gets better from here as industrial production picks up,'' said Masamichi Adachi, an economist at JPMorgan Securities Japan Co. in Tokyo.

To contact the reporter on this story: Lily Nonomiya in Tokyo at lnonomiya@bloomberg.net

[Garfield]

15,896.00 - 226.16

[vitor79]

Está positivo neste momento, a Ásia pode ter invertidoa tendencia.

[Enslaved]

16,000.84; -157.61; (-0.98%) Após 45 min de negociação

[Garfield]

nao tenho a certeza da hora, não costumo "sobreviver" ao almoço nipónico

[Enslaved]

É verdade garfield eles não se preocuparam com o fecho negativo dos states o que poderá ser um bom sinal para amanhã. Só para confirmar a china abre ás 4.00 não é?

[Garfield]

apos 1 hora de negociação ->

16,339.86 +186.04(+1.15%)

"so far so good"

[Enslaved]

A que horas a china abre?

[Midas]

E mais uns minutos depois... 15,863.43 - 424.06.

A situação não está fácil para as ásias... Estou curioso para ver o índice Chinês se ainda consegue aguentar a euforia ou desatam a carregar no gatilho.