BOJ may act to avert recession after weak output

Tokyo

MOUNTING expectations that the Bank of Japan (BOJ) will soon have to embark on a new round of monetary easing helped the Tokyo stock market recover partly on Wednesday from the rout it suffered the previous day. But ominous signs pointed to growing problems in the world's third largest economy.

Having crashed by over 4 per cent on Tuesday, the Nikkei 225 Stock Average ended up 457.31 points or 2.7 per cent at 17,388.15, as other Asian markets also showed some signs of what analysts said may be only temporary stability.