Patients Spent Average of Four Hours, Seven Minutes in U.S. Emergency Departments in 2009, According to New Report From Press Ganey

Patients Spent Average of Four Hours, Seven Minutes in U.S. Emergency Departments in 2009, According to New Report From Press Ganey
Despite Rise in Wait Times, Patient Satisfaction Remains the Same

PR Newswire

SOUTH BEND, Ind., July 22

SOUTH BEND, Ind., July 22 /PRNewswire/ — Patients at U.S. hospitals are experiencing the longest wait times in emergency departments since reports were first made available in 2002, according to Press Ganey Associates, Inc., the health care industry’s leading provider of quality improvement solutions.

From the moment patients walk into a hospital emergency room until the time they are discharged from the emergency department, the average time spent was four hours and seven minutes in 2009 – an increase of four minutes compared to 2008 and 31 minutes more than the nationwide average in 2002.

The data, included in Press Ganey’s 2010 Emergency Department Pulse Report: Patient Perspectives on American Health Care, is based on evaluations of more than 1.5 million patients treated at 1,893 hospitals in 2009.

In terms of wait time, Utah had the worst performance, with a staggering average emergency department time spent of eight hours and 17 minutes — nearly an hour and a half longer than the state’s average time spent last year.

Iowa had the shortest average time spent at just under three hours (2:55), followed by South Dakota (2:59), North Dakota (3:07), Nebraska (3:08) and Minnesota (3:11). The full list of state by state average wait times is available at www.ImproveMyER.com.

Despite longer wait times, patient satisfaction with U.S. hospital emergency departments stayed about the same in 2009, following a five-year upward trend. More than half the states were able to improve wait times or keep increases to a minimum.

Nevada made the biggest improvement in 2009, reducing average wait time by 66 minutes since 2008.

“Although the overall national average wait time increased slightly, what we found encouraging is that 32 states had either reduced wait times or held increases in wait times to five minutes or less over the previous year,” said Deirdre Mylod, vice president, hospital services, Press Ganey. “Some states have done really well in keeping emergency department times in check, despite growing challenges of higher patient volumes and understaffing. But there’s still a long way to go to make visits to the emergency department much more efficient for patients.”

Communication is Key

The Press Ganey report found that communication is imperative in providing patients with satisfactory emergency department experiences. Patients are willing to wait for care as long as they are kept informed about wait times. Patients who waited more than four hours, but received “good” or “very good” information about delays were just as satisfied as patients who spent less than one hour in the emergency department.

In fact, patient evaluation of communication about delays is identified as a key driver nationally of satisfaction.

“Patients would, of course, prefer a more efficient process,” said Mylod. “But good communication helps them understand the processes within the emergency department environment and shows them that staff has not forgotten them. Frequent, proactive communication improves both the quality of patient care and the manner in which patients perceive their care.”

Many hospitals are instituting procedures such as whiteboards in exam rooms to keep patients informed about treatments or delays. Also, welcome letters or pamphlets provided by the hospital help patients understand the process of triage, treatment, etc.

Press Ganey has developed a sample list of what patients can expect in emergency departments at www.ImproveMyER.com.

Patient Flow

Improving patient flow is another way to keep patients moving efficiently through the system. A long wait time might not be indicative of the emergency department’s performance. Instead, it could be a symptom of a larger hospital-wide issue that keeps the patients in the emergency department when inpatient beds or testing equipment is not readily available.

Arrival Times

Another factor impacting patient satisfaction with emergency departments is the time of day patients arrive. According to the report, patients who arrive between 7 a.m. and 3 p.m. evaluate their care much more favorably than those who arrive after 3 p.m.

Patients who arrive in the emergency department on Monday and Tuesday rank lowest in terms of patient satisfaction, while Saturday and Sunday evaluations of care are the highest.

Top 10 Metro Areas for Highest Emergency Department Satisfaction

After reviewing more than 1.5 million patient evaluations, Press Ganey ranked the following metro areas as the top 10 in terms of patient satisfaction for emergency department care:

1. Madison, Wis.

2. Grand Rapids, Mich.

3. Hartford, Conn.

- Indianapolis, Ind.

- New Orleans, La.

6. Miami-Ft. Lauderdale, Fla.

- Milwaukee, Wis.

8. Toledo, Ohio

9. Allentown-Bethlehem, Pa.

10. Albany, N.Y.

This is the third straight year that the Miami-Ft. Lauderdale metro area appeared on the list.

The findings and observations of the Emergency Department Pulse Report highlight progress being made in hospitals, emphasize areas for improvement, and explore the path to improving the quality of health care in the United States. Press Ganey works with emergency department administrators to assist them with best practices such as implementation of “fast tracks” or hiring dedicated staff charged with improving communication about delays in the emergency department. Other strategies for improving emergency department patient satisfaction include:

* Analyze and interpret patients’ perception of care
* Identify priorities for improvement specific to each institution
* Recommend specific best practices
* Facilitate change management within the hospital including accountability and reward and recognition
* Improve clinical and operational processes to improve flow and reduce waiting time

“Improving patient satisfaction is not just about making patients happy; it is about improving the patient experience for the overall good of healthcare,” said Rick Siegrist, CEO of Press Ganey. “Satisfied patients are more likely to disclose information and follow treatment plans. They also are more likely to seek care when they need it, avoiding larger health issues in the future. The information from this report helps us work with hospital administrators, doctors and nurses to ensure that patient voices are heard and the right improvements are made to provide the proper emergency care everyone deserves.”

Press Ganey Associates, Inc.

For 25 years, Press Ganey has been committed to providing insight that allows health care organizations to improve the quality of care they provide while improving their bottom-line results. The company offers the largest comparative customer feedback databases, actionable data, solution resources and unparalleled consulting and customer service. Press Ganey currently partners with more than 10,000 health care facilities — including over 40% of U.S. hospitals — to measure and improve the quality of their care. For more information visit www.pressganey.com.

SOURCE Press Ganey

Nikkei slips off 1-month highs on profit-taking

(Reuters) – Japan’s Nikkei average slipped 1.2 percent on Tuesday as profit-taking emerged after a bounce to a one-month high the day before and foreign investors turned sellers.

Japan

Analysts said the market took a breather after recent rises, including last week’s gain of 3 percent, the best weekly performance in three months, as well as Monday’s surge, but that its essential upward trend looked unchanged.

The benchmark fell below a chart retracement level with euphoria over the yuan’s rise ebbing, but many saw support intact at around 9,800, the Nikkei’s 25-day moving average.

“Sentiment overall appears to have turned rather positive, now that it appears the euro may have bottomed out, and this can lead the market suddenly and sharply higher, the way we saw yesterday on the yuan news,” said Hideyuki Ishiguro, a strategist at Okasan Securities.

In light trade, the benchmark Nikkei .N225 fell 125.12 points to 10,112.89, below a 38.2 percent retracement at 10,155 of the fall from its April high of 11,408.17 to its June low of 9,378.23.

The broader Topix shed 0.9 percent to 894.56.

Some analysts said that the Nikkei needed to consolidate above 10,200, which falls a bit below the level of its 50-week moving average, to resume rising again.

“Breaking above this is extremely important, but we need a bit more market energy and volume to do so,” said Koichi Ogawa, chief portfolio manager at Daiwa SB Investments.

“But today we’re seeing a lot of foreign selling. There’s no follow-through from yesterday.”

European investors were short-covering Nikkei futures on Monday, lifting the cash market as well, analysts said.

The yuan spot exchange rate on Monday rose to its highest since July 2005, sending Asian stocks to a five-week high on hopes for greater Chinese buying power.

But the euphoria faded later in the day, with Wall Street dipping, leaving the Nikkei — which market players said had risen mainly on short-covering in thin volume — vulnerable.

On Tuesday, China’s central bank set the yuan’s daily mid-point at the highest level since its revaluation in July 2005. But the Nikkei shrugged it off.

The Nikkei’s relative strength index (RSI) slipped to 54 after rising close to 60 on Monday, but its MACD continued to climb and few in the market thought any serious falls were in the offing.

“The market was boosted mostly by short-squeezing yesterday, with only some investors who grew optimistic about China’s economic outlook taking long positions,” said Hiroaki Kuramochi, chief equity marketing officer at Tokai Tokyo Securities.

“More gains now look fairly limited, also due to worries about the euro zone after news about BNP Paribas and Spanish banks.”

Ratings agency Fitch on Monday cut French bank BNP Paribas’ long-term international rating to AA- from AA, citing reliance on capital markets for a large part of its profits and a deterioration of asset quality in 2009.

Standard and Poor’s Rating Services also said on Monday it had raised its estimates for loan losses for Spain’s banking sector between 2009 and 2011 due to the faster depreciation of real estate assets on banks’ books.

EXPORTERS WEIGH

Shares of exporters ran out of steam and slid after helping lift the Nikkei on Monday.

Canon Inc (7751.T) fell 2.7 percent to 3,780 yen and Tokyo Electron Ltd (8035.T) dropped 3.6 percent to 5,620 yen. TDK Corp (6762.T) lost 2.3 percent to 5,430 yen.

Denso Corp (6902.T), a car parts maker affiliated with Toyota Motor Corp (7203.T), declined 1.8 percent to 2,622 yen after saying its joint venture plant in Guangzhou, China has halted production since Monday morning due to a labor strike.

The plant, Denso (Guangzhou Nansha) Co Ltd, has also halted supply of its fuel injection equipment and other products to Toyota, Honda Motor Co (7267.T) and other carmaker clients since Monday, Denso spokeswoman Yoko Suga said.

Tokyo Electric Power Co (9501.T), Asia’s biggest electric power company, edged up 0.1 percent to 2,431 yen after the Nikkei business daily reported that it is considering investing “tens of billions of yen” in a coal-fired power plant planned by Vietnam Oil and Gas Corp (Petro Vietnam). The plant is expected to start operations in the mid-2010s.

Trade was thin on the Tokyo exchange’s first section, with 1.7 billion shares changing hands, though that was up from last week’s four-month low just below 1.5 billion.

Declining shares outnumbered advancing ones, 987 to 529. (Editing by Joseph Radford)

Nikkei slips off 1-mth highs on profit-taking

TOKYO, June 22 (Reuters) – Japan’s Nikkei average slipped 1.2 percent on Tuesday as profit-taking emerged after a bounce to a one-month high the day before and foreign investors turned sellers.

Analysts said the market took a breather after recent rises, including last week’s gain of 3 percent, the best weekly performance in three months, as well as Monday’s surge, but that its essential upward trend looked unchanged.

The benchmark fell below a chart retracement level with euphoria over the yuan’s rise ebbing, but many saw support intact at around 9,800, the Nikkei’s 25-day moving average.

“Sentiment overall appears to have turned rather positive, now that it appears the euro may have bottomed out, and this can lead the market suddenly and sharply higher, the way we saw yesterday on the yuan news,” said Hideyuki Ishiguro, a strategist at Okasan Securities.

In light trade, the benchmark Nikkei .N225 fell 125.12 points to 10,112.89, below a 38.2 percent retracement at 10,155 of the fall from its April high of 11,408.17 to its June low of 9,378.23.

The broader Topix shed 0.9 percent to 894.56.

Some analysts said that the Nikkei needed to consolidate above 10,200, which falls a bit below the level of its 50-week moving average, to resume rising again.

“Breaking above this is extremely important, but we need a bit more market energy and volume to do so,” said Koichi Ogawa, chief portfolio manager at Daiwa SB Investments.

“But today we’re seeing a lot of foreign selling. There’s no follow-through from yesterday.”

European investors were short-covering Nikkei futures on Monday, lifting the cash market as well, analysts said.

The yuan spot exchange rate on Monday rose to its highest since July 2005, sending Asian stocks to a five-week high on hopes for greater Chinese buying power.

But the euphoria faded later in the day, with Wall Street dipping, leaving the Nikkei — which market players said had risen mainly on short-covering in thin volume — vulnerable.

On Tuesday, China’s central bank set the yuan’s daily mid-point CNY=SAEC at the highest level since its revaluation in July 2005 [ID:nECB000553]. But the Nikkei shrugged it off.

The Nikkei’s relative strength index (RSI) slipped to 54 after rising close to 60 on Monday, but its MACD continued to climb and few in the market thought any serious falls were in the offing.

“The market was boosted mostly by short-squeezing yesterday, with only some investors who grew optimistic about China’s economic outlook taking long positions,” said Hiroaki Kuramochi, chief equity marketing officer at Tokai Tokyo Securities.

“More gains now look fairly limited, also due to worries about the the euro zone after news about BNP Paribas and Spanish banks.”

Ratings agency Fitch on Monday cut French bank BNP Paribas’ long-term international rating to AA- from AA, citing reliance on capital markets for a large part of its profits and a deterioration of asset quality in 2009. [ID:nN21250262]

Standard and Poor’s Rating Services also said on Monday it had raised its estimates for loan losses for Spain’s banking sector between 2009 and 2011 due to the faster depreciation of real estate assets on banks’ books. [ID:nLDE65K1TE]

EXPORTERS WEIGH

Shares of exporters ran out of steam and slid after helping lift the Nikkei on Monday.

Canon Inc (7751.T) fell 2.7 percent to 3,780 yen and Tokyo Electron Ltd (8035.T) dropped 3.6 percent to 5,620 yen. TDK Corp (6762.T) lost 2.3 percent to 5,430 yen.

Denso Corp (6902.T), a car parts maker affiliated with Toyota Motor Corp (7203.T), declined 1.8 percent to 2,622 yen after saying its joint venture plant in Guangzhou, China has halted production since Monday morning due to a labour strike.

The plant, Denso (Guangzhou Nansha) Co Ltd, has also halted supply of its fuel injection equipment and other products to Toyota, Honda Motor Co (7267.T) and other carmaker clients since Monday, Denso spokeswoman Yoko Suga said. [ID:nTFA006678]

Tokyo Electric Power Co (9501.T), Asia’s biggest electric power company, edged up 0.1 percent to 2,431 yen after the Nikkei business daily reported that it is considering investing “tens of billions of yen” in a coal-fired power plant planned by Vietnam Oil and Gas Corp (Petro Vietnam). The plant is expected to start operations in the mid-2010s. [ID:nSGE65K0JA]

Trade was thin on the Tokyo exchange’s first section, with 1.7 billion shares changing hands, though that was up from last week’s four-month low just below 1.5 billion.

Declining shares outnumbered advancing ones, 987 to 529. (Editing by Joseph Radford)

EU carbon nudges down in quiet market open

(Reuters) – European carbon emissions futures were down 3 cents or 0.2 percent in early trade on Wednesday, following strong gains on Tuesday.

Gulf Oil Spill

EU Allowances for December delivery in 2011 were trading at 16.03 euros ($21.51) a tonne at 0705 GMT.

Dec-10 certified emissions reductions (CERs) were unchanged at 13 euros a tonne, setting the EUA-CER spread at 3.03 euros.

Traders said strong gains on Tuesday had prompted a more cautious opening across power, gas and carbon on Wednesday.

“All the markets are a bit slack, taking a breather,” one trader said. “It’s a very quiet open.”

“Carbon had a rally on Tuesday, gas and power too.”

A UK auction of 4.4 million EUAs on Thursday would bring more volume to the market, possibly delaying a new upward trend, he added.

“I think there’s essentially some bullish signals on carbon. But it’s a little premature given we have a lot of volume coming in. It’s likely we’ll retrace a little before we gain a new direction.”

German Calendar 2011 baseload power on the EEX was down 9 cents at 54.45 euros per megawatt hour.

Oil rose for a third day on Wednesday, nearing $73, after an industry report showed a larger-than-expected decline in U.S. crude stocks, bolstering the view that a glut will dwindle as demand resurges.

(Reporting by Gerard Wynn; editing by James Jukwey)

Key Euribor rates pause upward trend

FRANKFURT, April 14 (Reuters) – Benchmark three-month
Euribor bank-to-bank lending rates were steady on Wednesday,
taking a break from two weeks of incremental increases.

The three-month rate EURIBOR3MD=, traditionally the main
gauge of interbank euro lending and a mix of interest rate
expectations and banks’ appetite for unsecured lending, was
unchanged at 0.644 percent, up from the 0.634 percent record low
reached late last month.

One-year and one-week rates were also steady, with one-year
Euribor EURIBOR1YD= at 1.226 percent and the shorter-term
one-week rate EURIBORSWD= at 0.346 percent.

The six-month rate EURIBOR6MD= edged up to 0.954 percent
from 0.953 percent.

The European Central Bank has promised to keep providing
banks with unlimited one-week and one-month loans until at least
mid-October, but has begun to cut back the longer-term liquidity
it has been pumping into markets to combat the financial crisis.

Banks took far less than expected at its final offering of
6-month funds last month, while the ECB said around 15 billion
euros of 3-month loans would be on offer at its first lending
operation since the intensification of the crisis in late 2008
to have a limit and competitive bidding. [ID:nLDE63B1KF]

Euribor rates are fixed daily by the Banking Federation of
the European Union (FBE) shortly after 1000 GMT.

Three-month rates form a benchmark for much short-term
commercial lending in Europe, and one-week rates give an
indication of banks’ very short term financing conditions.
* For a table of the latest Euribor fixings for terms of one
week to one year, double click on EURIBOR=
* For a table of the previous day’s fixings of EONIA swap
rates, which show market expectations for future overnight
lending rates, double click on EONIAINDEX
* For graphs of historic Euribor and EONIA swap rates, right
click on the links in angle brackets below, and select ‘Related
Graph’
1 week EURIBORSWD= EONIAINDEXSW=
2 week EURIBOR2WD= EONIAINDEX2W=
3 week EURIBOR3WD= EONIAINDEX3W=
1 month EURIBOR1MD= EONIAINDEX1M=
2 month EURIBOR2MD= EONIAINDEX2M=
3 month EURIBOR3MD= EONIAINDEX3M=
4 month EURIBOR4MD= EONIAINDEX4M=
5 month EURIBOR5MD= EONIAINDEX5M=
6 month EURIBOR6MD= EONIAINDEX6M=
7 month EURIBOR7MD= EONIAINDEX7M=
8 month EURIBORS8M= EONIAINDEX8M=
9 month EURIBOR9MD= EONIAINDEX9M=
10 month EURIBOR10MD= EONIAINDEX10M=
11 month EURIBOR11MD= EONIAINDEX11M=
1 year EURIBOR1YD= EONIAINDEX1Y=

(Reporting by Frankfurt newsroom, editing by Mike Peacock)

Worsfold calls for interchange cap

Famous moments such as Leo Barry’s leaping mark to help seal Sydney’s epic grand final win in 2005 may become even rarer if the AFL does not step in to cap interchange rotations, according to West Coast coach John Worsfold.

Worsfold has called for a cap on rotations of about 20 per quarter after the 16 AFL clubs averaged a whopping 113 interchanges in round one this season.

The figure more than doubled the average recorded in round one of 2007 and Worsfold, who feared the number could spiral to 150 if a cap is not implemented, said the upward trend was robbing the game of traditional match-ups and spectacular pack marks.

“As players are more fatigued sometimes you’ll see the real special things in the game,” Worsfold said on Wednesday.

“You’ll see the tired long kick into the forward line where a player will find that little bit of extra energy to take a hang.

“The way it is at the moment, the way it’s zipping around, you’re not really getting to see as much of that,

“I’d like to see it (rotations) capped at some point.

“I haven’t given it a huge amount of thought but my gut feel is looking at maybe (capping it at) 20 per quarter, which gives you plenty.

“I don’t think that would put players at risk of injuries.

“You know that gives you 80 (rotations) for the game, which is sort of about where it was averaging a couple of years ago.”

But Fremantle coach Mark Harvey, whose team made 125 rotations in its 56-point win over Adelaide last Sunday, cautioned against making knee-jerk reactions.

“If you want to extend the bench then possibly (I will support a cap),” Harvey said.

“The idea (of a cap), the principle, is OK.

“The reasoning why – I’m not sure why we are looking at it.

“I thought when I looked back at round one there was some exciting football … so why are we trying to hinder the game when it’s going forward?”

However, Harvey did agree that it was in the best interests of the game to have the best players out on the field for longer.

“From our point view we’d like to have our best players out there 80, 90, 95 per cent of the time,” he said.

“In the end you don’t want your rotations just for the sake of having a rest, you want it to try to make it an advantage for you from a team aspect.”

Meanwhile, West Coast sharpshooter Mark LeCras is almost certain to miss Saturday night’s match against Port Adelaide with a hamstring complaint.

LeCras pulled up sore from the Eagles’ 32-point loss to Brisbane last week and Worsfold conceded the 23-year-old was highly unlikely to play against the Power.

“He’s still a bit sore in his hamstring so probably unlikely to play this week considering how it’s feeling at the moment,” Worsfold said.

Worsfold said he would consider shifting Beau Waters up forward to cover for the absence of LeCras, while defender Scott Selwood is a strong chance to earn a call-up after starring in the WAFL last weekend.

- AAP

Fish sales shoot up during Ramadan in Kashmir

Srinagar, Sept 16 (ANI): Sale of trout fish in Kashmir has been witnessing an upward trend, as Muslims prefer nutritious alterative to meat varieties during the holy month of Ramadan.

Normally people eat trout fish during whole year at different occasions. But in the month of Ramadan demand for trout fish automatically increases because of its health benefits.

Long queues of customers were seen outside the sales counter in Srinagar to take home their share.

“During Ramzan, people like to eat good food. Before Ramzan, the shop is open once a week but during Ramzan it opens twice a week. It has become preferred food,” said Kaiser Ahmad, a customer.

“I think trout fish is the best food available of all the food options available to us and that is why so many are buying it. There are no scales also. It has protein and vitamins,” said Mohammed Ashraf, another customer.

The state fisheries department is providing two kilograms per head at the rate of 150 rupees per kg.

“We have to order fish again later in the day as stock lasts only few hours. We try to supply fresh fish to our customers,” said Mohammed Hussain Wani, fisheries marketing officer.

Trout is a delicious and a very energetic food. It has a number of vitamins and doctors also advise people to use trout fish in large quantities in place of meat. By Afzal Butt(ANI)

Recession-hit UK couples helping boost lingerie sales

London, July 6 (ANI): Recession-hit UK couples are increasingly heading towards lingerie shops, and have boosted the sales of racy underwear by almost 50 per cent ever since the economy has slumped.

New figures have revealed that fishnet stockings, suspenders, basques, and cleavage-boosting bras are all selling at a “record rate”.

Department store Debenhams, which conducted the survey, has said that with the increased unemployment rates, thousands of British couples are now rediscovering the benefits of nights in. Losing a job is never good news, but our lingerie sales suggest that many people are using the opportunity to become fully employed at home,” the Telegraph quoted Annette Warburton, the store’s head of lingerie buying, as saying.

Traditionally Christmas happens to be the peak season for sales of sexy underwear, with men being the biggest buyers as they choose risque clothing, which their partners may not think to buy for themselves.

However, for the first time, figures have shown that the Christmas peak has continued till May.

In fact, initial figures for June have indicated that the upward trend is still on.

Sales of fishnet stockings are up 83 per cent, suspenders by 50 per cent, and basques by 45 per cent.

Garters are also up by 71 per cent and cleavage-boosting bras up 61 per cent.

Silk, satin, black lace and animal print are the most popular materials. (ANI)

Nikkei touches 3-month high on econ optimism, yen

Japan’s Nikkei average touched a three-month intraday high on Friday after more data raising hopes the U.S. economic downturn is moderating, with exporters such as Toyota Motor Corp jumping on a weaker yen.

But the Nikkei trimmed earlier gains as domestic investors locked in profits on a rally in the past three weeks, while active buying by overseas investors helped boost volume and kept the benchmark in positive territory.

Banking shares such as Japan’s top lender Mitsubishi UFJ Financial Group gained after U.S. accounting rulemakers bowed to congressional and financial industry pressure on Thursday to allow more flexibility in valuing toxic assets.

Trade was active with 1.5 billion shares trading hands on the Tokyo stock exchange’s first section, compared with last week’s morning average of 1.1 billion.

“Investors are becoming more optimistic about economies around the world, and that will keep stocks on an upward trend for a while,” said Yoshinori Nagano, a senior strategist atDaiwa Asset Management. “But in the short term the market may pause as people believe it is overheated after a rapid and sharp rally.”

The benchmark Nikkei edged up 0.6 percent or 49.94 points to 8,769.72, after hitting a three-month intraday high of 8,884.63 in early trade. The Nikkei has recovered from a 26-year closing low near 7,000 on March 10.

Declining shares outpaced advancing ones by 887 to 660.

The broader Topix climbed 0.9 percent to 833.98.

U.S. factory orders rose in February for the first time in seven months, boosting industrial, technology, consumer discretionary and energy stocks on Wall Street on Thursday.

Hopes for an improving global economy grew after leaders of the G20 also clinched a $1.1 trillion deal on Thursday to combat the worst economic crisis since the Great Depression and said financial rules would be tightened to stop it happening again.

Orders for Japanese stocks placed through 12 foreign securities houses before the start of trade showed overseas investors were net buyers for the third straight day on Friday, also keeping a bullish tone for the Tokyo market.

“Risk appetite among overseas investors is recovering thanks to rising share prices in the U.S. and European markets,” said Yutaka Miura, a senior technical analyst at Shinko Securities.

The Nikkei could rise above the 9,000 yen level next week unless the U.S. monthly employment report due later in the day sparks a stock sell-off, hitting overseas investors’ sentiment, Miura said.

Investors will be watching the U.S. Labor Department’s March jobs data at 1230 GMT, especially after data the previous day showing the number of U.S. workers filing new jobless claims at a 26-year high.

FALL IN YEN BOOSTS EXPORTERS

The dollar rose above the psychologically important 100 yen level for the first time in five months on Friday and the euro also climbed to its highest in more than five months against the Japanese currency.

That encouraged investors to pick up exporters. Toyota, the world’s biggest automaker, jumped 7.5 percent to 3,710 yen. Honda Motor Co advanced 3.8 percent to 2,840 yen and Nissan Motor Co gained 3.2 percent to 452 yen.

Electronics giant Sony Corp was up 2.8 percent at 2,385 yen.

Banks advanced after their U.S. peers rose on the changes in U.S. accounting rules. Mitsubishi UFJ gained 1.1 percent to 534 yen and Mizuho Financial Group, Japan’s No.2 bank, rose 1 percent to 210 yen.

Nippon Suisan Kaisha Ltd slid 3.7 percent to 258 yen after the Nikkei business daily said the frozen food processor is likely to post a bigger-than-expected annual net loss of 16 billion yen ($160.8 million).

Taiwan stocks rise 2.3 per cent on Wall Street rally

Taipei – Taiwan’s stocks ended 2.3 per cent higher Tuesday, bolstered by Wall Street’s overnight rally, dealers said.

The main TAIEX stock index opened higher and extended its upward trend to close at 5,242.18 points, up 118 points or 2.3 per cent from Monday’s trade.

Dealers said the US government’s announcement of its plan to absorb bad debts of major US banks brought forth a bullish sentiment in the local stock market, igniting strong buying in the financial and construction sectors.

All eight major sectors rose, with cement sub-index soaring 3.7 per cent to become the day’s biggest winner, followed by construction at 3.5 per cent and financials at 3.2 per cent. (dpa)