Finance ministers and central bankers will be focussing on how to revive the ailing Japanese economy, a precondition for restoring economic stability in the rest of South-east Asia. The Bank of Japan's measures yesterday should take the sting out of criticism of the country's policies by its G7 partners.But the Bank's board rejected some politicians' proposals that it should buy Japanese government debt in the market.This would have eased monetary conditions and helped bring long-term interest rates, which have climbed in recent months because of the expansion of the government debt, back down.The Bank's reluctance to do more to curb the rise in long-term bond yields in Japan hit bond markets in the US and Europe, where prices fell steeply.The Bank of Japan halved the rate on its emergency lending facility to 0.25 per cent, and cut the rate on overnight loans in the Interbank market to 0.15 per cent from 0.25 per cent. THE BANK of Japan took action yesterday to try to boost the depressed economy, cutting its emergency and overnight lending rates for banks and providing extra funds to the money markets. CCI shares arrived on AIM in 1996 and moved between 108p and 190p.. The revamp has been organised by Simon Beart who becomes deputy chairman and finance director. As part of the deal pounds 13m is being raised through a share placing.

A cash-raising exercise is also likely and there is talk of oil developments in Libya and Iraq. Bula was last above 2p two years ago.CCI, THE old clay pigeon business suspended at 125p, is planning to return to market as a computer group. It is taking over software and hardware distributors and will become XKO Group. In a further shake-up two other newcomers will join the board with three directors quitting.

Albert Reynolds, the former Irish premier, is said to be on the verge of becoming chairman. It placed, through Townsley & Co., 1.1 million shares at 11p. On Monday the company, thought to be in talks for a substantial acquisition, produced an upbeat trading statement indicating profits for last year could approach pounds 400,000.SEAQ VOLUME: 1.17bnSEAQ TRADES: 96152GILTS: 114.61 -1.12INTRIGUING DEVELOPMENTS are rumoured at perennial Irish oil punt, Bula Resources, unchanged at 1.25p. Last year the shares touched 215p.Desire Petroleum, riding at 445p last year on hopes of Falkland Islands oil, fell 1.5p to 16.5p, a low.London & Edinburgh Publishing held at 10.75p.

The market was puzzled by some small but persistent buying orders. A possible link with Nintendo was responsible for the latest jump. The company said talks were in "an advanced stage" for the right to become the developer for Nintendo.Profit warnings hit Ultima Networks 1p to 2.5p and Birse, a construction group, 2p to 8p.Austin Reed, the menswear retailer which has fallen sharply in the past year, smartened up with a 11.5p gain to 99p. The shares, a notoriously narrow market, started the year at 12.5p, subsequently hitting 273.5p before resting at around 100p. Barratt Developments firmed 5p to 271.5p and Berkeley 23.5p to 588.5p.Berisford, the kitchen and catering equipment group, ended 7p higher at 205.5p after rejecting a break-up approach.On-Line, the computer games group, was up to its old tricks, surging 56.5p to 155p. Around pounds 210m against pounds 177.4m is the likely outcome.