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Tokyo Stocks Expected to Move Narrowly Next Week.

Asia Africa Intelligence Wire

| December 06, 2002 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Jiji)

Tokyo, Dec. 6 (Jiji Press)--Tokyo stocks are expected to move in a narrow range next week, with market attention focused on U.S. stock price movements in the absence of other trading incentives.

Analysts expect Japan's benchmark Nikkei average to move in a range between 8,600 and 9,000 next week.

On the Tokyo Stock Exchange this week, the Nikkei average slipped back below the key 9,000 mark, on broad-based profit-taking touched off by a U.S. stock market pullback.

The Nikkei average finished the week down 352.3 points, or 3.8 pct, from a week before at 8,863.26.

The government is set to decide details of Japan's fiscal …

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