Author: 123jump.com Staff
123jump.com
Last Update: 1:18 PM EDT April 28 2008
March retail sales in Japan rose 1.1% from a year earlier and added 0.5% form February. Local media report sugeested that Matsushita Electric may take a stake in Sanyo Electric and purchase 300 billion yen of preferred stocks from Goldman Sachs at a discount. Stocks in Japan gained on the speculation that credit market related losses are not likely to rise after UBS upgraded its opinion on U.S. banks. Yahoo Japan fell 10% and led decliners in the Nikkei 225 index.
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