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    In Tokyo Sumitomo Mitsui Financial Group was up 1.3% and Mizuho Financial was up 0.6"When Wall Street and other global stock markets rise, Tokyo will follow, but the Japanese market's gains will be relatively limited unless trading volume grows" said Mizuho Securities market analyst Yukio Takahashi."Foreigners are not keen on buying Japanese stocks, because the (Japanese) government has yet to provide a sustainable economic growth strategy...it's not a very attractive investment," he said.Energy stocks were gaining after crude oil futures rebounded Monday as the U.S. dollar weakened amid rising equities and as Tropical Storm Ida disrupted production in the Gulf of Mexico.Light sweet crude for December delivery settled $2.00, or 2.6%, higher at $79.43 per barrel on Nymex, and was recently trading up 3 cents at $79.46 on Globex.Woodside Petroleum was 2.0% higher, SK Energy had risen 2.7% while Inpex was 1.4% higher.Metals stocks were enjoying good gains in Asia as the upward march for commodities prices continued in tandem with the U.S. dollar's weak run against the euro.Rio Tinto was up 2.8% and BHP Billiton was 2.4% higher and Oz Minerals had gained 2.1%.In Sydney, AXA Asia Pacific was trading 2.8% higher at A$5.86, a day after the firm rejected a combined cash and equity $11 billion takeover bid from AXA SA and AMP which valued the firm around A$5.34 per share. Full Article at Wall Street Journal
    When Wall Street and other global stock markets rise, Tokyo will follow, but the Japanese market's gains will be relatively limited unless trading volume grows
    SOURCE: Wall Street Journal 1 month ago