Nikkei rises on weaker yen, stock-buying option

Japanese shares rose for the first time in a week Wednesday, buoyed by a weaker yen and speculation that the government may use public funds to buy stocks.
The benchmark Nikkei 225 stock average gained 103.54 points, or 1.4 percent, to 7,372.10 in afternoon trading. The broader Topix index was up 1 percent at 737.46.
Rattled by tumbling share prices, the ruling coalition is considering expanding the scope of a government entity currently limited to purchasing stocks held by financial institutions and their cross-held shares, the Nikkei financial daily reported Wednesday.

A recent proposal submitted to the Diet calls for allowing the Banks' Shareholdings Purchase Corp. to buy assets directly from the market, the Nikkei said.
Finance Minister Kaoru Yosano, who expressed concerns about the fallout from falling stock markets, hinted Tuesday that such a plan was in the works.
"Watching today's stock market, I think we will have to consider various options," he told reporters.
The yen's drop to three-month lows against the dollar also cheered investors. Exporters, whose overseas earnings grow as the dollar gains against the yen, made broad-based gains as a result. The dollar rose to 97.13 yen from 96.70 yen late Tuesday. Early last week, it was hovering in the low 90s.

Honda Motor Co. rose 7 percent and Panasonic Corp. advanced 5.8 percent.
The Nikkei index has shed more than 45 percent over the past 12 months as the deepening recession in Japan chilled investor sentiment.
Wednesday morning, figures showed that Japan posted a record trade deficit in January, with exports tumbling 46 percent from a year earlier. Its economy, the world's second-largest, shrank at its fastest rate in 35 years in the fourth quarter.
Earlier this month, Japan's central bank announced plans to buy stock holdings worth billions of dollars from financial institutions, whose bottom lines are being drained by heavy equity losses.
The strain on commercial banks' balance sheets has forced them to tighten lending, resulting in a credit crunch that has affected companies of all sizes trying to raise money.
Under the operation, which began this week, the central bank will buy 1 trillion yen, or $11.2 billion, in shares until April 2010.

Bank of Japan Gov. Masaaki Shirakawa described equity market exposure as the most serious risk facing the country's major banks but said the measure is not aimed at boosting sagging stock prices.


[SigmaForex Withdrawal Methods]

To withdraw funds from your account Please make sure that you have sufficient funds in place to cover the the necessary margin required for your open positions, after your requested withdrawal.

No requests for transfers to persons other than the account holder will be processed.
SigmaForex may require further identification or documentation in order to complete your request.
Please Note that transfer fees and bank charges may apply, and depend on the form of transfer.
Please note that we try to process the withdrawal request quickly. However, it may take up to 5 business days, depending on the method of transfer.

Your withdrawal from sigma account will be in an efficiently, secure and fast, you can withdraw money from your SigmaForex account at any time.

Withdrawal steps:

1. Login to your web account
2. Choose your withdrawal method
3. Fill the withdrawal form and write down the withdrawn amount