TOKYO -- Diminishing concern that long-term interest rates will drop further is buoying financial stocks and weighing down housing shares in Tokyo.
The Nikkei Stock Average's banking subindex rose 1.2% on Tuesday, with about 90% of regional banks climbing. Turnover also increased, soaring 280% in value terms from the previous day for Miyazaki Bank and gaining 80% for Tochigi Bank.
