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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Japan's finance minister hospitalised: ministry AFP - Monday, December 28 Send IM Story Print TOKYO (AFP) - – Japan's Finance Minister Hirohisa Fujii, 77, was hospitalised Monday for a rest and medical tests due to high blood pressure and fatigue after weeks of hard work on the budget, his ministry said. Financial markets reacted calmly to the announcement, with the Tokyo Stock Exchange's Nikkei-225 index striking a four-month high. "The minister was hospitalised at 10.00 am (0100 GMT) today to rest and get check-ups," a finance ministry spokesman said. "He has been tired and his blood pressure was a bit high as he had been working hard to draft the budget." Prime Minister Yukio Hatoyama's three-month-old government on Friday approved a record budget worth 92.3 trillion yen (1.0 trillion dollars) for the next financial year starting in April, seeking to revive the economy. Fujii, a veteran lawmaker, was picked by incoming premier Hatoyama in September to steer the world's number two economy out of its worst recession in decades, returning to a post he held briefly in the early 1990s. He is expected to attend the next cabinet meeting, possibly on Wednesday, the ministry spokesman said, adding that the length of hospitalisation would be decided by doctors. Kyodo News reported that Fujii would stay in hospital for several days. Fujii, a fan of baseball and Japanese rice wine, told reporters in September when he was appointed: "My view on life is that if you square your shoulders too much, your body becomes stiff. I'll work while being relaxed." Investors took news of his hospitalisation in their stride, with the Nikkei-225 index rising 139.52 points to end at 10,634.23, the best finish since August 26. The dollar gained to 91.57 yen in Tokyo afternoon trade from 91.47 in late Asian trade on Friday, but traders attributed the greenback's strength to upbeat US economic data rather than to concerns about Fujii's health. "There is no impact on the currency market," said Barclays Capital analyst Masafumi Yamamoto, noting that at the yen's current level, speculation about whether Fujii might order intervention to weaken the currency has faded. A law graduate of the elite University of Tokyo, Fujii spent more than 20 years with the finance ministry before turning his hand to politics, winning a seat in parliament for the first time in 1977. He has signalled tolerance of the current strength of the yen and said that in principle the government should refrain from intervening in the market to sell the currency and boost exports. Recommend Send IM Story Print Related Articles Stocks higher at open following retail sales data AP - 1 hour 25 minutes ago High expectations? States weigh marijuana reform AP - 1 hour 26 minutes ago Tel Aviv blue chip index up over 70 pct in 2009 Reuters - 1 hour 35 minutes ago MIDEAST STOCKS-Mixed day for Gulf bourses, UAE markets up Reuters - 1 hour 46 minutes ago Airline shares weaker amid renewed terror concerns Reuters - 1 hour 23 minutes ago News Search Top Stories Airports step up security after failed attack European stocks climb after Asian gains England's Cook defies South African bowlers Hugh Grant says he dreams of literary career Polanski 'overwhelmed' by messages of support More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Dutch hero 'reacted on a bang' to subdue suspect Swiss bank secrecy emerges from 2009 with holes Half of stranded Air Comet passengers rescued Hugh Grant says he dreams of literary career Obama to Hawaii for holidays, challenges await him in 2010 More Most Viewed » Tiger's wife Elin seeking divorce: reports British priest defends urging people to shoplift Century-old butter found in Scott's Antarctic hut Brazilian confesses to sticking needles into two-year-old Tiger Woods' girlfriend apologizes in TV interview More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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