Tokyo shares likely to remain sluggish

Posted by 7Star Monday, January 25, 2010

Japanese shares are likely to remain under pressure next week as investors wait for details of US President Barack Obama's plan to limit the size and scope of US banks, dealers said on Friday. "The plan on financial regulation will continue to weigh on the market" because details of Obama's initiative have not yet been announced, Nikko Cordial broker Hiroichi Nishi said.

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