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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (61288)	3/3/2002 10:05:26 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Japanese Bonds Rise as Stock Rally May Keep Banks From Selling (Stan's input, I thought bonds and stock moved in opposite directions ?) By Keiko Ujikane quote.bloomberg.com Tokyo, March 4 (Bloomberg) -- Japanese bonds rose for a fourth day as stocks gained, easing concern banks will make up for earlier losses on shares by trimming their debt holdings before the March 31 fiscal year accounting deadline. The government last week set limits on trades that profit from stock declines. That may prevent the Nikkei 225 stock average from dropping, an analyst said. The Nikkei today rose as much as 4.4 percent to 11,288 after sinking to an 18-year low last month. ``The government restriction on short selling is likely to keep the Nikkei above 10,000 toward the end of March, so investors won't have to make up equity losses by selling debt,'' said Hiroaki Hori, who helps manage about 9 trillion yen in yen fixed- income assets at Shinkin Central Bank. He said he may buy ``primarily five-year and some 10-year bonds'' on the rise in stocks.