Around the World's Markets: TOKYO
THE BENCHMARK index staged its first three-day rally in two months on signs that the political deadlock over a bailout plan for the financial sector may be broken. The Nikkei 225 rose 6.99 points, or 0.05 per cent, to 14,376.62.
Bank of Tokyo-Mitsubishi rose 68 yen to 1,088 and Sumitomo Bank gained 88 to 1,139 after the Nihon Keizai newspaper reported that the opposition New Peace Party has drafted a plan to bolster the banking system that includes provisions to inject public funds into lenders before they go bankrupt.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies