JAPAN DAYBOOK: Capital Spending, Toyota in India

A corporate capital spending report today may show the first gain in more than three years, helped by demand outside Japan.

TOP STORIES *Toyota Targets Maruti With ’Aggressive’ Price for Etios *GM, Ford U.S. Sales Rise as Demand for SUVs Increases

ECONOMY *Capital spending probably rose 6 percent in the third- quarter, according to analyst estimates obtained by Bloomberg as of yesterday. That would be the first gain in more than three years. A slump at home has been offset by overseas demand. The yen’s strength is threatening that advantage. The Ministry of Finance reports the figures at 8:50 a.m.

WHAT TO WATCH *Bank of Japan Deputy Governor Kiyohiko Nishimura will give a speech and participate in a panel discussion at a Tokyo symposium at 2:30 p.m.

MARKETS *U.S. stocks rallied, sending the Standard & Poor’s 500 Index to the biggest gain in three months, amid improving economic data and speculation of a larger European financial rescue.

*The euro rallied versus the dollar and yen for the first time in four days as speculation increased the European Central Bank may signal tomorrow its willingness to act to curb the spread of the region’s debt crisis.

*Commodities Rise to Two-Week High on ‘Positive’ Economic Data

EQUITY PREVIEW

ANALYST RATINGS FOR NIKKEI 225 COMPANIES *West Japan Railway (9021 JP) initial underperform at Nikko. *Central Japan Railway (9022 JP) initial outperform at Nikko. *East Japan Railway (9020 JP) initial neutral at Nikko.

BLOOMBERG TV *08:40 SANTA MONICA: Edmunds.com CEO Jeremy Anwyl *10:10 TOKYO: BNP Paribas SA Auto Analyst Andrew Phillips

To contact the editor responsible for this story: Steven McPherson in Tokyo at smcpherson@bloomberg.net.

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