Japanese Stock Futures Rise as Investors Back Stimulus
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Japanese and Australian stock futures rose as investors speculated central-bank action to stimulate growth will be enough to offset signs of weakening economic expansion from Asia, to Europe and the U.S.
American Depositary Receipts of Sharp Corp. rose 0.3 percent as the Mainichi newspaper reported Intel Corp. is in talks to invest more than 30 billion yen ($383 million) in the Japanese TV maker. Shares of Yaskawa Electric Corp., a Japanese industrial-robot manufacturer, may be active as Credit Suisse Group AG advised buying the shares. GrainCorp Ltd., eastern Australia’s largest grain handler, may gain after JPMorgan Chase & Co. upgraded the shares to overweight.