■ Bank of Japan Vice Governor Shin Naida announced Wednesday that he would not raise interest rates in a volatile market after the Bank of Japan governor sparked turmoil, sending Tokyo stocks sharply higher and the yen weaker. ■ In a speech to business leaders, Uchida said the Bank of Japan would closely monitor market dynamics, highlighting the impact of share prices and exchange rates on business investment and inflation to ensure the economy is supported in a relaxed financial environment. ■ The Nikkei average rose 1.2 percent on Wednesday, recouping some of its previous losses, while the yen also weakened against the dollar, reflecting a positive market reaction to the Bank of Japan's dovish stance.

TOKYO - At the Bank of Japan (BOJ) A week after the governor's comments about raising rates sparked turmoil in global markets, a deputy governor retracted them on Wednesday and pledged not to raise rates while markets were unstable.