Around the World's Markets: Tokyo

Wednesday 13 January 1999 00:02 GMT

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LEADING JAPANESE shares closed little changed yesterday after the rebound in the dollar eased concerns about the competitiveness of Japanese exporters.

The Nikkei 225 index closed down 7.51 points, or 0.6 per cent. Dealers attributed the mini-recovery to direct intervention by the Bank of Japan in the foreign exchange markets. The Bank of Japan bought dollars and sold yen in an attempt to curb the strength of the Japanese currency.

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