Japanese Stocks May Climb on Higher Earnings; KDDI Corp., Toshiba May Gain

(Bloomberg) -- Japanese shares may gain on optimism
companies will report higher earnings for the fiscal first quarter.

KDDI Corp., Japan's second-biggest mobile-phone carrier, may
gain after saying its profit rose 9 percent from a year earlier
after winning customers from its rivals. Toshiba Corp. may advance
after the Nikkei newspaper said the company, which had forecast a
profit decline, may report a 3 percent increase in net income.


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Japan Shares Drop, Led by Exporters, Nissan, Komatsu, on Subprime Concern

(Bloomberg) -- Japanese shares fell on lingering
concern that losses tied to U.S. subprime mortgages will curb
growth in the world's biggest economy. Nissan Motor Co. and
Komatsu Ltd. which rely on sales there, paced losses.

U.S. stocks declined for a second day yesterday on
speculation hedge fund losses are greater than forecast and after
a report showed sales of previously owned homes declined in May.


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