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may change.

                          Dec. 6

Economic Releases:
11:00     Unit sales of new vehicles by brand for November.
11:00     Unit sales of light vehicles by brand for November.
11:00     Unit sales of imported vehicles for November.

Other Events:
11:00    Nissan Motor Co. to brief press on global sales
         Strategy at Yokohama headquarters. Senior Vice
         President Junichi Endo to attend.
12:00    Mazda Motor Corp. President Takashi Yamanouchi
         speaks at the Foreign Correspondents’ Club of Japan.
15:30    Hiromasa Yonekura, chairman of Keidanren and also
         chairman of Sumitomo Chemical Co., holds regular
         news conference.

                          Dec. 7

Economic Releases:
08:50     Official reserve assets as of end of November.
08:50     Bank of Japan’s transactions with the government,
08:50     Monetary base and the Bank of Japan’s transactions,
14:00     Diffusion indexes for October.
15:00     Amounts outstanding in the call market, November.

Other Events:
11:00     KDDI, Softbank, NTT DoCoMo announce net change and
          accumulated mobile phone contracts for November.

                           Dec. 8

Economic Releases:
08:50    Machine orders for October.
08:50    Balance of payment statistics for October.
08:50    Principal figures of financial institutions,
08:50    Money stock for November.
08:50    Gross external debt position of Japan at the end of
         September, preliminary estimate.
13:30    Bankruptcies for November.
14:00    Economy watchers survey, November.
14:00    Domestic mobile phone shipments for October.

Other Events:

                           Dec. 9

Economic Releases:
08:50     Gross Domestic Product, July-Sept. quarter.
08:50     International transactions in securities for last
11:00     Office vacancy rate.
13:30     Current survey of selected service industries for
          October, preliminary.
15:00     Machine tool orders for November, preliminary.

Other Events:
10:30     Bank of Japan board member Yoshihisa Morimoto
          speaks in Saitama.
14:00     Bank of Japan board member Yoshihisa Morimoto to
          Hold news conference.

Dec. 10

Economic Releases: 08:50 Business outlook survey, October through December. 08:50 Corporate goods price index for November. 10:30 Japanese beer shipments for November. 14:00 Consumer confidence survey for November. 16:30 Basic figures on fails, November. Other Events: N/A: Pola Orbis Holdings Inc. (4927) lists on Tokyo Stock Exchange. 15:20 Bank of Japan Deputy Governor Hirohide Yamaguchi to speak in Tokyo.

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