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.

Aug 20
A total of 36 people were confirmed dead and seven remain missing on Wednesday after a series of landslides and flooding triggered by torrential rain overnight engulfed residential areas in Hiroshima, western Japan. (Kyodo)
Aug 20
A 111-year-old Japanese man, Sakari Momoi, was recognized as the world's oldest man on Wednesday. (Jiji Press)
Aug 20
The sports ministry has deemed a proposal to renovate the National Stadium for the 2020 Tokyo Olympics and Paralympics unrealistic, because of a number of drawbacks including insufficient earthquake resistance and building regulations that prohibit the blocking of sunlight from nearby structures. (The Japan News)
Aug 20
East Japan Railway Co., or JR East, announced new plans on Tuesday for three train lines linking Tokyo International Airport at Haneda and key stations in the Japanese capital by building a new underground station and tunnel. (Jiji Press)
Aug 19
An erupting volcanic island that is expanding off Japan could trigger a tsunami if its freshly formed lava slopes collapse into the sea, scientists said on Tuesday. (straitstimes.com)
Aug 20
The chief suspect in the murder of a wealthy Swiss-based Japanese asset manager and his wife whose bodies were found buried in a vacant lot in Kuki, Saitama Prefecture, in February 2013, pleaded not guilty as his trial opened in Tokyo on Tuesday. (Japan Today)
Aug 19
Tokyo police are investigating the suspicious deaths of dozens of cats. (NHK)
Aug 19
Local summer festivals in Tokyo were once lined with many street stalls run by organizations with links to organized crime. But festivals have undergone a makeover after a metropolitan government ordinance enacted in October 2011 banned event organizers from allowing gangs from becoming involved. (The Japan News)
Aug 19
A fire happened on a saury fishing boat outside the bay of Otsuchi in northeastern Japan Monday night, leaving two men missing as of Tuesday morning, Japan Coast Guard officials said. (Jiji Press)
Aug 19
The Mandarake shoplifting saga that has kept Japanese netizens on the hook since August 4 has finally drawn to a close. (rocketnews24.com)
Aug 19
A Sapporo assemblyman has drawn fire for posting comments online stating the indigenous Ainu group "no longer exists," and suggesting those who identify as Ainu are motivated by government programs that benefit the ethnic minority. (Japan Times)
Aug 19
The lawyer of a Japanese man suspected of having fathered at least 12 babies using Thai surrogate mothers submitted DNA samples to Thai police on Monday in a bid to clear his name. (Japan Times)
Aug 19
A group of visa overstayers launched a month-long campaign Monday in which they will ask 36 local assemblies in the Kanto region for special permission to remain in the country legally. (Japan Times)
Aug 18
Things got a little too hot for the driver of a Lamborghini on Sunday, whose exotic Italian car went up in flames on the Tokyo expressway. (rocketnews24.com)
Aug 18
Three mountain climbers who went missing Sunday after being swept away by a torrent of water in the Northern Alps of Gifu Prefecture, were found Monday. (Japan Today)