Nikkei closes at 18-year low

Nikkei closes at 18-year low

TOKYO, Japan - A stock board in Tokyo's Ginza district on Sept. 17 shows the Nikkei Stock Average falling 504.48 points to close at a fresh post-bubble closing low of 9,504.41. The Nikkei marked the lowest close since Dec. 19, 1983 as the overall bearish sentiment ahead of the restart of U.S. stock trading overwhelmed buybacks spurred by the government's intervention to prevent the yen's rise against the U.S. dollar.

Top insurer voices support for treasury stock system

Top insurer voices support for treasury stock system

TOKYO, Japan - Ikuo Uno, chairman of the Life Insurance Association of Japan, speaks at a news conference at the Bank of Japan on Jan. 19. He voiced support for easing restrictions on company share buybacks to allow companies to buy and hold their own shares as treasury stock a way to prop up weak stock prices.

Nikkei closes at 18-year low

Nikkei closes at 18-year low

TOKYO, Japan - A stock board in Tokyo's Ginza district on Sept. 17 shows the Nikkei Stock Average falling 504.48 points to close at a fresh post-bubble closing low of 9,504.41. The Nikkei marked the lowest close since Dec. 19, 1983 as the overall bearish sentiment ahead of the restart of U.S. stock trading overwhelmed buybacks spurred by the government's intervention to prevent the yen's rise against the U.S. dollar.

Top insurer voices support for treasury stock system

Top insurer voices support for treasury stock system

TOKYO, Japan - Ikuo Uno, chairman of the Life Insurance Association of Japan, speaks at a news conference at the Bank of Japan on Jan. 19. He voiced support for easing restrictions on company share buybacks to allow companies to buy and hold their own shares as treasury stock a way to prop up weak stock prices.