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Japanense stocks extend 2 Tokyo
Published in Saudi Press Agency on 02 - 07 - 2005


Ichi Life Research
Institute. He forecasts exports and production to further
recover in the July-September period.
Traders see few signs of overheating and little to disturb
the upward momentum until the Sept. 11 parliamentary
elections.
Foreign investors eager to buy Japanese shares on
rekindled optimism for the country's economy helped push
the yen higher against the dollar in early trading by
buying the currency to invest in Japanese markets. But the
dollar reversed its losses by midafternoon.
In currency trading, the dollar bought 109.88 yen on the
Tokyo foreign exchange market at 5 p.m. (0800 GMT) Tuesday,
unchanged from its level late Monday and above the 109.76
yen it bought later that day in New York. The greenback
traded between 109.60 yen and 110.10 yen in Tokyo.
The euro rose to US$1.2234 from US$1.2183 late Monday.
The yield on the 10-year Japanese government bond fell to
1.4450 percent, from 1.4700 on Monday. Its price rose 0.21
to 98.75 points.


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