Japan Telecom was up 10 per cent on the back of newspaper reports suggesting that telecoms giants BT and AT&T would each take a stake in the company.
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A RALLY in hi-tech stocks pushed Tokyo shares higher, with the Nikkei 225 closing up 1 per cent at 16,665.88. Traders said tech stocks received a triple boost from the recovery of the Nasdaq, a record close on Wednesday for the Dow and better-than-expected earnings from IBM. Among major hi-tech climbers on the Japanese market were Toshiba, Fujitsu and Hitachi.