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"TOKYO: Tokyo stocks ended firmly higher Wednesday, extending a rally on Wall Street and in Europe, while Sony advanced more than six percent after investors shrugged off a weak profit forecast.Sony said Tuesday that a pair of deadly quakes in Japan last month would dent its financial results, with the company warning that net profit would decline by nearly 46 percent this fiscal year from the previous year.But on Wednesday investors focused on the electronic giant's long-term prospects in im", www.brecorder.com
"TOKYO: Japanese government bonds edged lower on Wednesday as buoyant stocks undermined bond market sentiment.The Nikkei stock index climbed 1.6 percent to its highest close since April 27 as the yen weakened and as upbeat U.S. data suggested the economy may be resilient enough to absorb an interest rate hike expected as soon as June.Investors were also wary of taking aggressive positions ahead of a two-day Group of 7 leaders' summit in Japan that begins on Thursday.In the week after the summ", www.brecorder.com
"The yen will rally to a three-year high of 95 per dollar in September as a U.S. election campaign strong on protectionist rhetoric makes it hard for Japan to curb the currency’s strength, according to an ING Groep NV analyst with a quarter century of experience.", www.bloomberg.com
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