Japan's Economy Grows Faster than Expected in Q3, Stocks and Futures Up (NMR, SANYY, CAJ, MC, TMIC, FUJIY, MTU, KUB, MITSY, KYO, ATE, NIPNY, TDK)

The Japanese government reported a .4% increase in GDP in the third-quarter bringing annualized GDP up to 1.7%, which is far ahead of forecasts at 1.1%. This news caused bonds to fall and share prices on the Tokyo Stock Exchange to rise. Domestic oriented companies led the day with the strongest sectors being real estate, financial institutions, and railway companies. The Nikkei 225 closed at a new 4 1/2 year high adding to its expansion above the 14,000 mark. The TOPIX approached 1,500 again. The yen gave up ground to the dollar to reach 20+ month lows, now at Y118/US$1.

* Closing numbers for Friday on the Tokyo Stock Exchange:
        TOPIX Index: +9.88 (+0.67%) closing at 1,494.56
        Nikkei 225:      +74.18 (+0.53%) closing at 14,155.06
        JASDAQ:           +1.00 (+0.93%) closing at 108.28

* Japanese stocks with ADRs market movers on Friday in Tokyo:
Advancers: Nomura Holdings (ticker: NMR) +4.51%, Sanyo Electric (SANYY) +2.21%, Canon (CAJ) +1.72%, Matsushita Electric Industrial (MC)+1.35%, Trend Micro (TMIC) +1.28%, Fuji Photo Film (FUJIY) +0.79%, Mitsubishi UFJ Financial (MTU) +0.65%.

Decliners: Kubota (ticker: KUB) -1.72%, Mitsui & Co (MITSY) -1.13%, Kyocera (KYO) -0.89%, Advantest (ATE) -0.88%, NEC (NIPNY) -0.79%, TDK (TDK) -0.76%.