The Tokyo stock market ended fiscal 1997 on a dour note March 31, with the key market gauge stopping far short of last year’s level.

The 225-issue Nikkei average ended the day at 16,527.17, up 264.13 points from Monday’s close, but down 1,476.23 points, or 8.2 percent, from the March 31, 1997, close of 18,003.40.

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