(Bloomberg) -- Japanese stocks advanced, paced by
automakers such as Honda Motor Co., after manufacturing in the
U.S. unexpectedly climbed to a 14-month high, boosting
confidence Japan's largest export market will weather a weak
housing market.
JFE Holdings Inc. led declines by steel companies on
concern higher costs and overproduction will erode profits. The
Bank of Japan's quarterly Tankan survey that was released
yesterday showed sentiment among steelmakers slid to 38 points
from 46 at the last survey.
Read more at Bloomberg Stocks News
automakers such as Honda Motor Co., after manufacturing in the
U.S. unexpectedly climbed to a 14-month high, boosting
confidence Japan's largest export market will weather a weak
housing market.
JFE Holdings Inc. led declines by steel companies on
concern higher costs and overproduction will erode profits. The
Bank of Japan's quarterly Tankan survey that was released
yesterday showed sentiment among steelmakers slid to 38 points
from 46 at the last survey.
Read more at Bloomberg Stocks News
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