According to Odaily Planet Daily, the rise of South Korea's KOSPI index expanded to 2.9%. Today, Shinichi Uchida, deputy governor of the Bank of Japan, said for the first time after "Black Monday" that the Bank of Japan would not raise interest rates if the market was unstable. This remark calmed the uneasy investors, and Asian stock markets also rebounded. The Nikkei 225 index once rose by 3%.