Around the World's Markets: Tokyo

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The Independent Online
THE NIKKEI 225 closed down 2.1 per cent at 13,843.46 after gaining 7 per cent last week. About 318 million shares were traded, the lowest volume in nearly five months, after the failed Long-Term Credit Bank of Japan was delisted on Saturday.

Banks fell 3.8 per cent as losses on securities by the largest 18 banks in the half to September were said to total 2.7 trillion yen (pounds 14bn), against a net gain of 2.46 trillion yen in the previous half. Most are expected to ask for between 200bn and 1 trillion yen each from Japan's 60 trillion yen bail-out package.

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