May 15 (Bloomberg) -- Japanese stocksrose, paring a drop on the week, after Sony Corp. forecast a smaller-than-estimated loss and a government report on machinery orders fueled speculation the global economy is stabilizing.
Sony, the world’s No. 2 electronics maker, jumped 7.1 percent after saying it will more close factories as part of its restructuring. Komatsu Ltd., the world’s second-biggest maker of earthmoving equipment, jumped 3.1 percent as machine orders from overseas surged. Sumitomo Mitsui Financial Group Inc. added 6.8 percent as bank borrowing costs dropped the most in eight weeks.
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