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 02
Reigning champions Japan will meet the United States in the Women's World Cup final for the second tournament in a row after a 2-1 defeat of England on Wednesday, victory coming after a cruel and unlucky injury-time own goal from Laura Bassett. (Kyodo)
Jul 02
The nation's population stood at 126,163,576 as of Jan. 1 this year, down 271,058, or 0.21 percent, from a year before, marking the steepest fall ever, a government survey said Wednesday. (The Japan News)
Jul 01
Toyota Motor Corporation says its first female executive, Julie Hamp, has resigned. She was arrested last month in Japan on suspicion of drug smuggling. (NHK)
Jul 01
Land prices in Japan for this year fell 0.4 pct on average from the previous year, dropping for the seventh straight year but at a slower pace than the previous year's 0.7 pct, the government said Wednesday. (Jiji Press)
Jul 01
A two-month government campaign got under way on Wednesday prompting central government employees to begin work early and leave on time. (Kyodo)
Jul 02
A 71-year-old man who set himself on fire on a shinkansen bullet train Tuesday had repeatedly complained that the pension he received was not enough to live on, one of his neighbors said Wednesday. (Kyodo)
Jul 01
Shortly after a Shinkansen left Tokyo bound for Osaka at 11 a.m. on June 30, a passenger in the train's No. 1 car became suspicious about a man who was behaving erratically. (Asahi)
Jul 01
Each year, the four-day Mitama Matsuri, a festival held on the grounds of the controversial Yasukuni Shrine, attracts approximately 300,000 revelers. (Tokyo Reporter)
Jun 30
Two passengers on a Japanese Shinkansen bullet train have died after one of them doused himself in oil and set himself ablaze, local media is reporting. (abc.net.au)
Jun 30
Two boys aged 3 and 4 were hit by a train in Showacho, Yamanashi Prefecture, on Monday afternoon. (Japan Today)
Jun 30
Prince Akishino and Princess Kiko marked their 25th wedding anniversary on Monday, expressing appreciation to each other in a statement. (The Japan News)
Jun 30
An intensive investigation involving about 50 police officers has revealed the culprit in the vandalism of about 40 cars in the Higashi-Izumo area of Matsue this spring. Crows. (The Japan News)
Jun 29
Police have arrested a 20-year-old university student who drove his motorbike into a pedestrian mall on Sunday, running over a young boy. (Japan Today)
Jun 29
Tokyo Metropolitan Police last week confirmed that a body discovered buried in a cemetery in Kanagawa Prefecture is that of a 25-year-old woman who went missing two years ago. Police are now attempting to locate her son, reports the Sankei Shimbun (June 26). (Tokyo Reporter)
Jun 29
A funeral service was held at a railway station in Wakayama Prefecture for the late feline stationmaster known as Tama. (NHK)