Around the World's Markets: TOKYO

Thursday 11 March 1999 19:02 EST

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JAPANESE SHARES gave up most of their day's gains as profit-taking set in during late Tokyo trade. The Nikkei 225 average closed 22.14 points higher at 15,502.14, having hit a high of 15,840.23 earlier in the day. Underlying sentiment was firm amid hopes that the economy could at last be on the road to recovery.

Bank shares jumped in heavy volume, with traders bullish following recent confirmation of major restructuring plans. One said: "I can't say that the sector has turned the corner yet, but it is getting better."

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