Japanese Shares May Drop, Led by Exporters, on U.S. Concerns, Stronger Yen

(Bloomberg) -- Japanese stocks may fall after American
Home Mortgage Investment Corp. said it lacks cash to fund new
loans, sending U.S. shares lower and reigniting concerns the
subprime rout will curb growth in the world's largest economy.

Exporters including Sony Corp. may pace declines after the
yen strengthened, cutting the value of their overseas sales in the
local currency. The U.S. Standard & Poor's 500 Index posted its
biggest monthly decline in three years.


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