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To: Think4Yourself who wrote (64425)4/12/2000 4:15:00 PM
From: ItsAllCyclical  Read Replies (1) | Respond to of 95453
 
Nikkei rises to 3-year high

Economic report pushes Tokyo index higher, but tech concerns linger

April 12, 2000: 6:21 a.m. ET

LONDON (CNNfn) - Major markets across Asia rose Wednesday,
with signs of economic recovery in Japan lifting Tokyo's main index to its highest level in more than three years. But valuation concerns about tech issues kept gains on other top markets in check, following another big drop on the U.S. Nasdaq.

Tokyo's benchmark 225-share Nikkei average rose 310.69 points, or 1.5 percent, to close at 20,833.21, its highest level since December 1996. The Bank of Japan said Wednesday the recession-bound economy has recovered in some areas, most notably in the corporate sector.

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Yet another sign that Japan is turning around.