Atsushi Saito , president of Tokyo Stock Exchange Group Inc. , said in November there would be no value in expanding Japan’s biggest stock exchange through mergers. Yesterday, the 71-year-old said he’s considering a marriage with an old rival.
Japanese stocks declined, extending losses on the Nikkei 225 Stock Average for a third week, after the government cut its forecast for the country’s economic growth and as concern grew Europe’s debt crisis will spread.
Sony Corp. Chief Executive Officer Kazuo Hirai apologized to investors after the company forecast a sixth loss in seven years, and he pledged that his restructuring efforts would fuel the electronics maker’s long-term growth.
Japan’s Topix index rose for a third day, the longest winning streak in more than a week, as better- than-forecast retail sales in the U.S. and a weaker yen boosted the outlook for exporters’ earnings.