Around the World's Markets: Tokyo

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The Independent Online
THE NIKKEI 225 posted a modest 0.6 per cent rise to 15,072.9 after an overnight gain in the yen and strength in New York. But dealers said trading was marked by a lack of activity that exaggerated price swings.

Selling of bank stocks was aggravated after the Prime Minister, Keizo Obuchi, said it would not be appropriate to reveal the results of individual banks' inspections. That, traders said, would increase distrust in the sector by limiting transparency.