Japan's stock market

Japan to cut interest rates for the first time in 7 years, after the close of stock market turbulence diving. Up close, the Nikkei 225 Average fell 5.01 percent, 8577 reported that, on the same day reported that the maximum 9012 points to close at its lowest point. Bank of Japan announced early this afternoon, the 31-bank unsecured overnight call rate from the current 0.5% to 0.3%. It was in March 2001 for the first time since the Bank of Japan lowered interest rates.