3% 1170 7% Electronic Equipment Hitachi* 770 NA 912.5 19% 752 2% Automation Equipment Omron* 3935 NA 4608 17% 4180 -6% Shipping Kawasaki Kisen 225 Buy 330 47% 234 -4% Average implied up/downside: 26% -0.8% Not covered by DB. Price target reflects Bloomberg Average target. Nikkei

E 7% (thin, buy with a limit), trading -$25.23 last - Buy 51-2mm of DXJ and/or Japanese single stocks ((Toyota, Rukaten, Resona, Panasonic, omron, Kawasaki Kisen, sell yen forward - would be done in southern Financial or southern Trust, be that acct is set up) - Buy S1-2mm china end-market basket (Tum, M3N,