Nikkei hits seven-week closing high

Posted by 7Star Tuesday, March 24, 2009

Japans Nikkei jumped 3.4 percent on Monday to post its highest close in seven weeks, with banks including MUFG jumping on optimism about US plans to help a strained financial system, while a weaker yen helped exporters. The United States on Monday offered generous financing for private investors to help cleanse banks of up to $1 trillion in toxic assets that are blocking lending and worsening a deep US recession.

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