TOKYO: Japan’s efforts to shore up stock prices looked forlorn yesterday, ignored by investors and cited as a risk to banks’ creditworthiness even as one of the nation’s top companies said tumbling stocks would push it into the red.
The Nikkei share average rebounded to close almost 2% higher, thanks not to the government’s plans but to a surge in overseas markets on expectations that any war in Iraq – the main source of market malaise – would be short.
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