October 10, 2008 / 2:41 AM / 11 years ago

Japan says to try to minimise impact of stock fall

(For more stories on the financial crisis click [ID:nCRISIS])

TOKYO, Oct 10 (Reuters) - Japan’s top government spokesman said on Friday the government would seek to minimise the impact of a plunge in Japanese stocks on the economy, and tax steps to support stock prices may be considered.

“Stock prices as a whole are moving in line with U.S. and European markets,” Chief Cabinet Secretary Takeo Kawamura told a news conference, who described the falls as “psychological”.

The Nikkei average .N225 tumbled 11 percent on Friday, leaving it facing its biggest one-day drop since the 1987 stock market crash on fears the financial crisis will lead to a global recession. [.T] (Reporting by Tetsushi Kajimoto and Kaori Kaneko)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below