Japanese stocks surged the most in almost six years after U.S. lawmakers agreed on a plan to pay rebates to families to boost consumer spending.
The Bush administration and Congress yesterday announced agreement on a stimulus package that will give families rebates of as much as $600 for individuals and includes incentives intended to spur business investment in equipment.
"Investors are getting some temporary-relief as the decline by the U.S. market has halted," said Yoji Takeda, who helps manage about $900 million at RBC Investment (Asia) Ltd.
Via Bloomberg
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