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Stocks

Banks rise, housing shares sink as Japan long rates pause slide

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.

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