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Tokyo Stocks Expected to Stay Firm Next Week.

Asia Africa Intelligence Wire

| May 06, 2005 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Jiji)

Tokyo, May 6 (Jiji Press)--Tokyo stocks are expected to stay firm next week after the U.S. market sailed through a string of events without difficulties during Japan's three-day market holidays through Thursday.

The U.S. Federal Reserve issued a statement after its closely watched meeting Tuesday that long-term inflation expectations remain well contained, thus providing a sense of relief to players, brokers said.

Still, movements of U.S. stocks will be the first focus of investor attention after the release of U.S. jobs data for April later in the day, as there are few important events in Japan and the United States in the first half …

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