A couple days ago we looked at Lexus — in short, it plans to target the “prestige luxury” segment where some car buyers have a fleet of cars and assets in excess of $5m — prompted by an article in the WSJ. Since then, reports out of the U.S. show further housing weakness, how subprime […]

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Japanese stocks faced selling pressure following a five day rally and due to stocks going ex-dividend today, all resulting in profit-taking. The Nikkei 225 lost 0.9% to 17,365.05. TOPIX fell 1% to 1,723.86. Decliners outnumbered advancers 1,419 x 233 (58 unchanged). Note we are also rapidly approaching the end of the current fiscal year.

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