JAPAN DAYBOOK: Toyota, Foreign Minister, Machinery Orders

Japanese machinery orders for January may show companies are responding to increasing demand from outside the country. Toyota holds a briefing on at 4 p.m. on its long-term strategy.

WHAT TO WATCH *Machine orders for Jan. 8:50 a.m. Survey +3% MoM, +5.1% YoY. *NEC (6701 JT) new technology, platform briefing 11 a.m. *All Nippon Airways (9202 JT) regular briefing 3:30 p.m. *Toyota Motor (7203 JT) business strategy briefing 4 p.m.

FROM MEDIA *Prime Minister Naoto Kan will name Takeaki Matsumoto new foreign minister today, Kyodo News reported. *Toyota (7203 JT) targets 1 trillion yen operating profit, Nikkei Says. *Hitachi Transport (9086 JT) will make an offer for Vantec (9382 JT), the Nikkei reported. *Orix (8591 JT) plans 400 million yuan bond sale, Nikkei says. *eAccess (9427 JT) to raise $500 million in U.S. bond sale, Nikkei Says.

TOP STORIES *Bond Market ’Jitters’ Loom as Kan Struggles, Feldman Says *Billionaire Sons Aspire to Make Niseko Aspen of Asia

EQUITY PREVIEW *Dai-ichi Life (8750 JT) will be added to the Nikkei 225 Stock Average on March 29. *Hajime Construction (3268 JQ) net income full-year net income climbed 36 percent to 13.9 billion yen. The company forecast a 17 percent drop for this year to 11.6 billion yen. *Inaba Seisakusho (3421 JT) had a net loss of 230 million yen for the six months ended Jan. 31, missing its 20 million yen profit forecast. *Ryoyo Electro (8068 JT) full-year net income more than tripled to 1.11 billion yen. The company forecast a 16 percent drop to 930 million yen for this year. *Sony Financial (8729 JT) will split its stock 200-for-1 and set a minimum trading unit of 100 shares. It raised its planned full-year dividend to 4,000 yen from 3,000 yen. *Yaskawa Electric (6506 JT) will be added to the Nikkei 225 Stock Average on March 20.

ANALYST RATINGS *Mitsubishi Materials (5711 JT) raised to neutral at Nikko. *Mitsui Mining (5706 JT) raised to outperform at Nikko. *Yokogawa Electric (6841 JT) raised to outperform at Mizuho. *Tokyo Tatemono (8804 JT) raised to buy at Deutsche. *Kubota (6326 JT) cut to neutral at Daiwa.

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