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Tokyo stocks down, BOJ chief crushes hopes of credit easing.

Publication: Japan Weekly Monitor
Publication Date: 23-JUN-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, June 19 Kyodo

Tokyo stocks lost sharp morning gains to close lower Tuesday as remarks by the central bank chief discouraged the market, which had been upbeat over major U.S. software firm Oracle Corp.'s rise in after-hours trading following the release of its earnings report.

The 225-issue Nikkei Stock Average slipped 123.53 points, or 0.97%, to close at 12,574.26, after hitting 12,912.92 in the morning, up 215.13 points. The broader Tokyo Stock Price Index (TOPIX) of all First Section issues was off...

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