Tokyo - Tokyo stocks climbed Friday after an overnight surge on Wall Street to end trading up almost 3 per cent as investors bought back shares battered by the previous day's losses.
The Nikkei 225 Stock Average jumped 235.37 points, or 2.78 per cent, to close at 8,693.82.
The recovery came after Japan's benchmark index plunged 11.41 per cent Thursday to 8,458.45, the biggest one-day drop in 21 years, after New York markets plummeted the day before.
Wall Street recovered some of its losses Thursday with the blue-chip Dow Jones Industrial Average up 4.68 per cent, the Standard and Poor's 500 Index up 4.25 per cent and the Nasdaq Composite Index up 5.49 per cent.
Tokyo - Tokyo's marketd climbed again in early trading Friday after a surge on New York's Wall Street late Thursday, with the Nikkei index of 225 leading companies gaining 265.33 points or 3.14 per cent to 8,723.78 at 9:19 am.
The Nikkei on Thursday plunged 11.41 per cent to 8,458.45 after New York markets plunged from 7 to 9 per cent on Wednesday.
Wall Street recovered some of its losses on Thursday, with the Dow Jones Industrial Average up 4.68 per cent, the Standard & Poor's 500 Index up 4.25 per cent and the Nasdaq Composite Index up 5.49 per cent.
Tokyo - The Japanese parliament on Thursday approved a supplementary budget of 1.81 trillion yen (17.85 billion dollars) for the 2008 fiscal year through March, mainly to finance the government's economic stimulus package amid the global financial crisis.
The stimulus package allocates 446.9 billion yen to measures to support small businesses and 188.1 billion yen to promote energy-saving efforts and to help the agriculture and fisheries industries deal with higher oil prices.
About 351.8 billion yen of the extra budget will go to reduce the financial burden on the elderly under a medical insurance programme introduced last April, while 729.6 billion yen will be spent for disaster prevention measures.
Tokyo - Japan's second-largest automaker, Honda Motor Co, said Thursday that it sees no need to revise its earnings projections for the current fiscal year despite worries about a global economic slowdown.
The remarks by Honda President Takeo Fukui came after his counterpart at market leader Toyota Motor Corp said the business outlook for the automotive market was "very severe."
As world stock markets fall as part of the global financial crisis, consumer spending has been affected, Toyota President Katsuaki Watanabe said.
Tokyo - Tokyo's marketd climbed again in early trading Friday after a surge on New York's Wall Street late Thursday, with the Nikkei index of 225 leading companies gaining 265.33 points or 3.14 per cent to 8,723.78 at 9:19 am.
Tokyo - Japan's second-largest automaker, Honda Motor Co, said Thursday that it sees no need to revise its earnings projections for the current fiscal year despite worries about a global economic slowdown.
