Around the World's Markets: Tokyo

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THE NIKKEI 225 average closed up 1 per cent at 17,610.58 after a session which saw traders enjoy a buying spree in hi-tech shares and global blue chips. But analysts said the market would be warily eyeing the meeting this week of the US monetary policy making Federal Open Market Committee and Japanese industrial output data.

Earlier in the day it was reported that Japan's top financial diplomat Eisuke Sakakibara, known as Mr Yen for his influence on the markets, is to quit in a finance ministry reshuffle expected on 8 July.