Money World economy
Stocks in Tokyo rose this morning as bank shares surged on a news report that tougher capital regulations for large banks may be delayed.
The benchmark Nikkei 225 Stock Average index gained 100.57 points, or 1.00 per cent, to stand at 10,184.05, while the broader-based Topix index was up 16.10 points, or 1.82 per cent, to trade at 900.73.
On currency markets at 9 am (0000 GMT) the dollar traded at 89.48-51 yen, up from Tuesday's 5 pm quote of 89.11-12 yen.
The euro traded at 1.4541-43 dollars, down from 1.4609-11 dollars Tuesday and at 130.13-16 yen, slightly down from 130.18-22 yen.
Bank shares soared after the Nikkei economic daily reported Wednesday that global banking regulators agreed to effectively delay enforcement of stricter capital rules by preferring to give them a transition period of at least 10 years.
