Tokyo shares end up in major reversal as dollar rebounds
Tokyo stocks ended higher in volatile trading Friday as the fallout from Wall Street's overnight selloff was countered by a recovering dollar and bargain-hunting, resulting in a major intraday market reversal.

Volume was the highest in a week, prompting some participants to speculate that the market is showing signs of having bottomed following six major selloffs since May 23.

The Nikkei Stock Average closed up 215.55 points or 1.7% at 13,230.13, showing its widest intraday range--almost 628 points--since the 6.4% selloff on June 13.

For the week, the index added 4.3%, its first positive weekly gain in five weeks. Year-to-date, the Nikkei is up 27%.

The Topix index of all Tokyo Stock Exchange First Section issues also added 7.59 points, or 0.7%, to 1,099.40, with 22 of 33 subindexes ending in positive territory.

The strong finish was hardly foreseen by many at the open, as overnight U.S. shares' biggest-one day slide of the year triggered a sharp initial selloff.

But the Nikkei, which had posted a similar-sized loss the prior day, was bolstered by bargain-hunting and sharp recovery in the dollar.

The greenback briefly traded under Y97.00 intraday, but was seen changing hands at Y97.78 as of the TSE close at 0600 GMT.

May 29
A sudden volcano eruption on the small southern Japanese island of Kuchinoerabu-jima has forced authorities to raise the alert to the highest level and advise evacuation of the immediate area. (rt.com)
May 29
Twelve of the 29 suma mackerel tuna have died at Tokyo Sea Life Park in Edogawa Ward, Tokyo, since the aquarium released the fish into its tank less than a week ago, it was learned Thursday. There has been a mysterious die-off of kuromaguro bluefin tuna, hatsugatsuo and other species of bonito at the aquarium since December. (The Japan News)
May 29
McDonald's Japan is still reeling from a series of food-safety scandals. Executives have responded by cutting the number of outlets that are open 24 hours a day. (NHK)
May 27
The Japanese health ministry's plan to ban restaurants from serving raw pork including liver and other internal organs was approved at an advisory panel sectional meeting on Wednesday. (Jiji Press)
May 27
The operator of the crippled Fukushima Daiichi nuclear plant said Wednesday it has finished filtering a total of 620,000 tons of extremely toxic water being stored in tanks on the premises of the complex to lower its radiation level. (Kyodo)
May 29
A 45-year-old male patient at a clinic in Kadoma, Osaka, has been arrested on suspicion of attacking a woman working at the reception desk with a knife. (Japan Today)
May 29
Police in Sapporo said Thursday they have arrested a 64-year-old woman over the death of her 42-year-old mentally disabled daughter whose body was found at their apartment in Nishi Ward. (Japan Today)
May 28
A 25-year-old man on Wednesday went on trial for fatally stabbing one man and wounding three others during a 10-minute rampage in Kashiwa, Chiba Prefecture, in March 2014. (Japan Today)
May 28
The Japan Association of Zoos and Aquariums says hackers stole phone numbers and email addresses of thousands of zoo and aquarium workers nationwide in an incident earlier this year. (Japan Times)
May 27
Police in Toyota, Aichi Prefecture, have arrested a 65-year-old man after three bodies were found in the ruins of his house that was destroyed by a fire on Tuesday morning. (Japan Today)
May 26
Japan's Emperor Akihito and Empress Michiko have attended a ceremony in Tokyo to pray for the victims of a devastating US air raid during World War Two. (NHK)
May 26
On May 21, police in Japan's Miyagi Prefecture arrested a woman on swindling charges after the cashier at a local store erroneously handed her an extra 45,000 yen (US$370) in change. (rocketnews24.com)
May 26
In a crackdown on a business believed to be supporting organized crime, Tokyo Metropolitan Police on Tuesday announced the bust of an illegal pornographic DVD business in Shinjuku Ward, reports TV Asahi (May 26). (Tokyo Reporter)
May 26
A "Doraemon" movie will be shown in China from Thursday, becoming the first new Japanese film to be released in the country for nearly three years, diplomatic sources said Monday. (Jiji Press)
May 26
A 39-year-old man on Monday pleaded guilty to fatally stabbing two people at random on a street in Osaka on June 24, 2012. (Japan Today)