Japan calms Asian markets after Black Monday falls - BBC News

in DLIKE5 years ago

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Japanese shares rose on Tuesday after Prime Minister Shinzo Abe said his government would work closely with the central bank to boost the economy.

"Markets are making nervous movements amid uncertainty over the global economic outlook," said Mr Abe.

His comments put pressure on the Bank of Japan to act on a pledge it made last week to support markets.

Having fallen 5% on "Black Monday", Japan's benchmark index, the Nikkei 225, recovered 1% after the statement.


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