Japan Tobacco Shares Set to Fall After Company Announces Recall

Source from:  By Taku Kato Jan. 31 (Bloomberg) 01/31/2008

Japan Tobacco Inc., the nation's biggest cigarette company, is poised to fall in Tokyo trading after it recalled frozen foods imported from China suspected of being contaminated with pesticides. The Tokyo-based company yesterday began the recall after it learned that some people who ate dumplings imported by its food unit became sick. Japan Tobacco shares were offered at 462,000 yen before the start of trading, 18 percent lower than yesterday's close. To contact the reporter on this story: Taku Kato in Tokyo at tkato6@bloomberg.net Enditem