Tuesday, May 22, 2007

Japanese Shares Rise After Mizuho Forecasts Record Profit; Hitachi Climbs

(Bloomberg) -- Japanese stocks rose for a third day.
Banks led indexes higher after Mizuho Financial Group Inc.
forecast a record profit for this financial year.

Mizuho jumped by the most in almost 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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