JAPAN DAYBOOK: Uniqlo February Sales, Monetary Base

Fast Retailing releases sales figures for its Uniqlo clothing chain for February. Sales rose in January for the first time in six months.

WHAT TO WATCH *The Bank of Japan reports the monetary base for February at 8:50 a.m. *SBO Securities, kabu.com Securities, Monex Securities and Rakuten Securities will jointly brief on online sales of mutual funds at 11 a.m. *Auction result of Treasury Discount Bills at 12:35 p.m. *Eli Lilly’s Japan unit briefs on earnings at 2 p.m. *Fast Retailing (9983 JT) releases same-store sale data for its Uniqlo stores in February at 3:05 p.m. Sales in January rose for the first time in six months. Nissan Motor (7201 JT) briefs on its ‘Life On Board’ well- being technologies at 3:30 p.m. *Yushiro Chemical Industry (5013 JT) releases the terms of a 1.48 billion yen share sale. Time not available.

EQUITY PREVIEW *ANA (9202 JT) said it will seek to almost double revenue on its international routes by 2015, the Nikkei newspaper said. *Hitachi (6501 JT) The UK government said that a train renewal project worth 600 billion yen will go ahead as planned. A consortium led by the Japanese electronics maker is the preferred bidder. *Industrial & Infrastructure Fund Investment (3249 JT) will sell shares to the public for 405,945 yen each. *Nippon Telegraph and Telephone expects to add 2.1 million subscribers to its fiber-optic service in fiscal 2011. *Tomoe Engineering (6309 JT) raised its first-half net income forecast 29 percent. *Toyota Motor (7203 JT) said it is recalling vehicles in Taiwan. *United Urban Investment (8960 JT) plans to raise up to 64.9 billion yen through a share sale. *Seven & I (3382 JT) will increase its stake in Tower Records Japan

ANALYST RATINGS FOR NIKKEI 225 COMPANIES *Daiichi Sankyo (4568 JT) cut to “underweight” at JPMorgan *Toto (5332 JT) raised to “outperform” at Daiwa *Ube Industries (4208 JT) initiated “neutral” at Nikko *Shin-Etsu Chemical (4063 JT) initiated “underperform” at Nikko *Mitsubishi Chemical (4188 JT) initiated “outperform” at Nikko *Sumco Corp (3436 JT) initiated “underperform” at Nikko *Mitsui Chemicals (4183 JT) initiated “underperform” at Nikko *Showa Denko (4004 JT) initiated “neutral” at Nikko *Tosoh (4042 JT) initiated “underperform” at Nikko *Sumitomo Chemical (4005 JT) initiated “neutral” at Nikko *Asahi Kasei (3407 JT) initiated “outperform” at Nikko *Mitsubishi Materials (5711 JT) initiated “hold” at Deutsche *Toray Industries (3402 JT) raised to “buy” at Citi

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