The Tokyo exchange was closed for a holiday on Monday.

Analysts said the Tokyo exchange still faced a host of problems.

The Tokyo exchange, now down 23 percent for 1990, has not yet pulled other markets with it, but the tide could turn.

In general, the Tokyo exchange does not allow stocks to rise or fall more than 15 to 20 percent in one session.

From 1984 to 1991, the number of foreign companies selling shares on the Tokyo exchange rose to 125 from 11.

Companies also hoped that being listed on the Tokyo exchange would increase demand for their stock and drive up its price.

On the Tokyo exchange today, stock prices opened higher, but closed with a loss.

The Tokyo exchange said trading in the stock would probably resume today.

Many of the shares on the Tokyo exchange are never traded.

As the dollar fell, stock prices plunged more than 360 points in early trading on the Tokyo exchange before recovering.