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To: Lucretius who wrote (19592)	2/15/1999 12:40:00 AM
From: Copeland	Read Replies (1) of 86076

Tokyo stocks remain firmer in afternoon, banks lead TOKYO, Feb 15 (Reuters) - Tokyo stocks remained in positive territory in afternoon trading on Monday as bank shares rallied on expectations the troubled institutions would quicken the pace of their bad loan write-downs. The banking subindex (^NBKS - news) added slightly more than one percent following Friday's decision by Japan's Financial Reconstruction Commission to inject public funds into major banks. Additionally, the central bank's credit easing on Friday has helped banking issues, traders said. At 0502 GMT, the Nikkei 225 average was up 61.33 points or 0.44 percent at 14,035.02. Nikkei March futures stood 70 points higher at 14,040. ''The market seems to have taken the reduction in interest rates as a positive factor,'' said a trader at Nomura Securities Co. The central bank on Friday announced a reduction in its target for the key overnight call rate to about 0.15 percent from 0.25 percent. --

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