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.

Jul 31
An independent judicial panel of citizens said Thursday it has decided that three former executives of Tokyo Electric Power Co. merit indictment over the 2011 nuclear disaster at the Fukushima Daiichi power plant. (Kyodo)
Jul 31
Osaka police said Wednesday they failed to report roughly 81,000 criminal cases to the National Police Agency between 2008 and 2012, or nearly 10 percent of the total reported by the prefectural police force during the five-year period. (Kyodo)
Jul 31
Japan's smoking rate in 2014 fell below 20 pct for the first time since such statistics began in 1965, Japan Tobacco Inc. said Wednesday. (Jiji Press)
Jul 31
Police in Japan say that a 16-year-old girl has admitted to slaying her classmate because she "wanted to kill someone" and "dissect" the body, according to Japanese news agency Kyodo News. (huffingtonpost.com)
Jul 31
McDonald's restaurants in Japan are turning to time-honoured Asian soul food-tofu-as the chain scrambles to minimise the damage from an embarrassing tainted meat scandal in China. (Japan Today)
Jul 31
On July 16, Kanagawa Prefectural Police arrested Koichi Yokoyama, a former Liberal Democratic Party member of the Kanagawa Prefectural Assembly, for allegedly possessing stimulant drugs at his apartment in Yokohama last month. (Tokyo Reporter)
Jul 31
Golden-gai, a warren of tiny bars near Shinjuku's Kabukicho entertainment district, has long been a refuge for writers, musicians, filmmakers and other artistic types, who congregate at drinking establishments with like-minded patrons. (Japan Times)
Jul 31
Some 30 minutes by car from JR Takamatsu Station in Kagawa Prefecture, a lonely site on the side of a mountain is where abandoned tombstones go to their final resting place. (Asahi)
Jul 31
A former nursing home employee has been sentenced to eight years in prison for fatally assaulting a female resident at the facility in Kasukabe, Saitama Prefecture. (Japan Today)
Jul 30
Theodore "Dutch" Van Kirk, the last surviving member of the Enola Gay plane that dropped the atomic bomb on Hiroshima on Aug. 6, 1945, has died at a retirement home in Georgia at age 93. (Asahi)
Jul 30
On July 7, Tokyo Metropolitan Police arrested 30-year-old Ikki Jin for allegedly slipping a sleeping powder into an alcoholic drink consumed by a 23-year-old male and robbing him of a total of 350,000 yen in cash and valuables in February. (Tokyo Reporter)
Jul 30
It's hard to know what the organizers at Fuji Rock Festival were thinking when they decided to have Jack Johnson headline the main stage on the event's last day. (Japan Times)
Jul 30
Coverage of Hyogo prefectural assemblyman Ryutaro Nonomura's July 1 televised tantrum is finally winding down in the mainstream media. But on the Internet, where a YouTube video of his press conference registered over 2 million views in just two days, it's still going strong. (Japan Today)
Jul 29
Restaurants across Japan serving grilled eel were busy on Tuesday with customers seeking to build up stamina to overcome the summer heat. (NHK)
Jul 29
More than 8,580 people were taken to hospitals in the week through Sunday due to heat stroke or heat exhaustion and 15 died, the Fire and Disaster Management Agency said Tuesday. (Kyodo)