Tuesday, May 22, 2007

Japanese Shares Rise After Mizuho Forecasts Record Profit; Nintendo Climbs

(Bloomberg) -- Japanese stocks rose for a third day,
with the Nikkei 225 Stock Average reaching the highest since
February. Banks led indexes higher after Mizuho Financial Group
Inc. forecast a record profit for this financial year.

Mizuho jumped by the most in more than a year. Sumitomo
Mitsui Financial Group Inc., which forecast on May 21 profits
will climb this year, surged 4.5 percent, adding to a 5.7
percent gain yesterday.


Read more at Bloomberg Stocks News

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