Thomson ReutersMay 24, 2013 07:04
TOKYO (Reuters) - Thursday's plunge in Tokyo stock prices represents a short-term pullback from recent gains, not a sign of doubt in Japan's economic policies, a senior government official said.
"It's a temporary adjustment after the rapid gains seen recently," Yasutoshi Nishimura, senior vice-minister of the Cabinet Office, told Reuters.
The benchmark Nikkei stock average <.N225> fell 7.3 percent on Thursday, its biggest percentage fall in two years, after Chinese factory-output data disappointed investors.
Follow us: