Japan's Shares Drop on U.S. Concern, Strong Yen; Toyota Advances on Profit

(Bloomberg) -- Japanese stocks declined, paced by
exporters, on concern losses in the U.S. mortgage market may slow
the world's biggest economy and after the yen strengthened to a
four-month high against the dollar.

Sony Corp., the word's biggest video-game maker, fell the
most in almost five months and Canon Inc. dropped 3.2 percent.


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Japan's Nikkei 225 Drops on Subprime Concerns; Topix Climbs on Earnings

(Bloomberg) -- Japan's Nikkei 225 Stock Average
dropped after U.S. residential investment slumped, raising
concern the world's largest economy will slow.

Canon Inc. slid 2.6 percent, leading exporters lower after
the yen advanced to the highest against the dollar in more than
three months, reducing the value of their overseas sales.


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Dollar hits low, stocks retreat on subprime fears

(Reuters) - The weaker dollar hit Asian exporters such as Canon Inc., with overall market sentiment also soured by losses on Wall Street and caution after China raised interest rates on Friday in another attempt to prevent the buoyant economy from overheating.




Oil prices fell from near-record highs after oil producer group OPEC expressed concern about the impact of high oil prices on the global economy, which traders saw as a sign it might decide to pump more oil. Gold held on to Friday's gains, benefiting from the weak dollar and heightened market uncertainty.


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Yen's Drop to 22-Year Low Threatens Earnings at Nissan, Canon, Mitsubishi

(Bloomberg) -- Nissan Motor Co., Canon Inc. and
Ricoh Co. say the yen's slump to a 22-year low is too much of a
good thing for Japan's exporters.

Nissan, the nation's third-biggest carmaker, can't afford
to rely on exchange rates to compete, Chief Executive Officer
Carlos Ghosn says. Canon Chairman Fujio Mitarai, head of the
country's largest business lobby, and Ricoh President Masamitsu
Sakurai, leader of the biggest executive group, said the yen's
drop is becoming a concern.


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Asian Shares Decline on Interest-Rate Concern; Mitsubishi Estate Drops

(Bloomberg) -- Shares of Asian property developers
and banks dropped amid speculation rising interest rates will
hurt earnings. Mitsubishi Estate Co. and Westpac Banking Corp.
led the decline.

Limiting losses, some exporters such as Canon Inc. and Honda
Motor Co. advanced as investors judged the benefit of a weaker
yen outweighed the implications of mortgage defaults in the U.S.


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Japanese Stocks Drop, Led by Property Developers; Takeda, Matsushita Gain

(Bloomberg) -- Japanese stocks declined led by
property developers, such as Mitsubishi Estate Co. as investors
shifted funds out of shares that may be hurt by the trend of
increasing interest rates.

Limiting losses, some exporters such as Canon Inc. and
Honda Motor Co. advanced as investors judged the benefit of a
weaker yen outweighed the implications of mortgage defaults in
the U.S.


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Japan Shares Rise to Highest Since February, on Easing U.S. Inflation, Yen

(Bloomberg) -- Japanese stocks advanced, driving
key indexes to the highest since February, after a report showed
U.S. core consumer prices slowed, increasing speculation Japan's
biggest overseas market will expand without adding to inflation.

Toyota Motor Corp., the world's largest automaker by market
value, climbed to the highest since March and Canon Inc., which
made almost one third of its sales in North America last year,
had the biggest gain in a month.


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