Japanese
shares swung between gains and losses, with the Topix index headed for
its first monthly advance this year, as tiremakers rose and consumer
lenders fell.
Credit
Saison Co. extended yesterday��s slump after Credit Suisse Group AG cut
its target price for the non-bank lender. Mitsubishi Estate Co., the
country��s biggest developer, dropped 1.1 percent. Bridgestone Corp.,
Asia��s biggest producer of tires, climbed 0.9. percent. Toyota Motor
Corp., the world��s largest carmaker, provided the biggest boost to the
Topix.
The
Topix slid 0.2 percent to 1,198.78 at the trading break in Tokyo, with
about equal numbers of shares rising and falling. The measure is on
course for a 3.1 percent gain this month, its first since December. The
Nikkei 225 Stock Average dropped 0.6 percent today to 14,601.52. Data
today showed inflation accelerated in April following an increase in
Japan��s consumption levy while industrial production fell.
Copy Source: Bloomberg
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