Japan Stocks Eke Out Gain as Electronics Boost Gauge; Banks Drop
- Takata files for bankruptcy in the U.S., air-bag makers rise
- Lack of reasons to move in gridlocked market: Aizawa’s Iida
Takata Bankrupt With $10B in Liabilities
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Shares in Tokyo edged up for a second day, as electronics makers supported the Topix index while bank shares dragged the most on the gauge.
Air-bag and parts makers advanced after Takata Corp. filed for bankruptcy in the U.S. New home sales in the U.S. totaled 610,000 in May compared with the median economist estimate for 590,000, data released Friday showed. Trading remained thin in Tokyo, with volume on the Topix index 22 percent below the 30-day average.