Thursday, January 31, 2008 6:20 pm | 
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Tokyo stocks up nearly 2%, lifted by automakers, eased credit concerns
Tokyo stocks reversed earlier losses on Thursday, closing nearly 2 percent higher as upbeat earnings outlooks for Japanese automakers and a capital infusion for a major U.S. bond insurer lifted market sentiment.
[KYODO]
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While low-cost carriers have since long been successfully operating throughout the U.S., Europe, and southern Asia, Japan has seen very little of the low-price action.
