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Stocks

High-dividend shares rally but underlying pessimism persists

TOKYO -- The Nikkei Stock Average jumped for a second straight session Monday in the wake of the negative interest rate policy announced by the Bank of Japan. But market sentiment is still not so bullish, with a handful of stocks offering generous shareholder rewards driving the rally.  

     Shares of real estate and auto companies, which benefit from low interest rates and a weaker yen, climbed as expected. But many market players held back, skeptical of whether the latest policy step will be enough to shore up the economy.

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