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Interest Rate Talk Clouds Tokyo Stocks |
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Author: 123jump.com Staff
123jump.com
Last Update: 4:57 PM EDT March 27 2008
Stocks in Japan and Asia fell on a lowered earnings expectations at four largest U.S. banks and talks of a hike interest rate in Japan dominated the news. In Tokyo trading Nikkei 225 fell 0.8% or 102.05 to 12,604.58, and the broader Topix Index declined 0.9% or 11.11 to 1,226.44. The Bank of Japan board member in a speech suggested that rate should be lifted to cover easy credit conditions. Mitsui will take 20% in a joint venture with Qatar to develop a city project for $3.9. |
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