Japan: Nikkei Continues to Plumb the Depths


Another new twenty year low, and five straight sessions going down. Little Easter cheer from Japan. Japanese stocks plumbed a new 20-year low on Monday, as worries regarding the global economy in the wake of the Iraq war ceased to abate. Downward pressure was exacerbated by pension-fund selling.


The benchmark Nikkei 225 average was off 0.8 per cent