Friday, July 6, 2007

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

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

Tokyo Electric Power Co. fell the most in four weeks, while
Sumitomo Realty & Development Co. lost 1.5 percent.


Read more at Bloomberg Stocks News

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