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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (22335)	7/31/2001 8:40:52 PM
From: puborectalis	Respond to of 30051

Nikkei continues to climb Upside momentum seen limited due to lingering jitters over Japan's economy July 31, 2001: 8:27 p.m. ET NEW YORK (CNNfn) - Tokyo stocks opened higher on Wednesday with investors encouraged by the previous day's bounce in core Japanese technology stocks and recent firmness on Wall Street. The benchmark Nikkei 225 average opened 59.87 points, or 0.5 percent, higher at 11,920.64. But traders said that the upside could be limited due to lingering jitters over Japan's economy. Prime Minister Junichiro Koizumi's pledged structural reforms include forcing banks to write off their huge bad loans over the next two to three years, a step that will inflict pain on Japan's fragile banking sector and their borrowers. --