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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)