Tokyo stocks rebound following yen intervention
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Posted 9/15/10 , edited 9/16/10

Tokyo stocks rebound following yen intervention

Tokyo share prices rebounded sharply on Wednesday, following Japan's intervention in the currency market to halt the yen's rise for the first time since 2004.

The Nikkei average of 225 selected issues ended the day at 9,516, up 217 points from Tuesday's close.

The broader TOPIX index of all First Section issues closed at 848, up 13 points.

Market sources say the currency intervention has helped stem the appreciation of the yen, prompting investors to buy into export-related businesses.

They add that investors are keeping a close eye on the yen rate to determine the extent of the impact on the market of the intervention.

2010/09/15 16:07(JST)
(JST: UTC+9hrs.)
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