Business and Finance
THE DOLLAR RALLIED to a nine-month high of 136.53 yen in New York after Bank of Japan officials said they wouldn't raise interest rates along with other industrialized nations. Japanese stocks and bonds sank in international markets as U.S. bonds rose. Stocks fell sharply Thursday morning in Tokyo. The severe reaction could force the Japanese central bank to reverse itself.</br></br>Another 14 thrifts will be rescued, using $1.9 billion in federal aid and raising to $10.2 billion the amount the FSLIC has committed to bailouts in just two weeks. The latest 14 S&Ls, all in Oklahoma, will be shuffled into six regional institutions.</br></br>The Bank Board's effort to arrange a takeover of Financial Corp.'s giant thrift unit by the Bass Group has come under growing congressional attack, just as the deadline for completing the negotiations arrives.</br></br>---</br></br>Japanese life insurers are curtailing their heavy "dividend-capture" trading of U.S. stocks, a move likely to decrease Big Board volume.