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TOKYO

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TOKYO stocks surged 2.2% at the close yesterday after the Bank of Japan unveiled fresh easing measures, reversing a heavy drop earlier in the day.

The benchmark Nikkei 225 Index gained 272.34 points to 12,634.54, while the Topix Index of all first-section shares rose 2.7%, or 27.33 points, to 1,037.76.

In volatile trade, the Nikkei’s close was more than 558 points above the day’s low, a turnaround that largely came after the central bank chief’s announceme­nt of easing, which sent the yen plunging.

The Nikkei had opened 1.4% down from the previous day’s close and fell further to 12,075.97 in the morning.

The closely-watched announceme­nt came after the central bank’s first policy meeting under a new leader who has vowed to turn around the stuttering economy. — AFP

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