Asian stock markets rebounded from early declines Friday after Finance Minister Shoichi Nakagawa of Japan described recent turbulence in currency and equity markets as undesirable and said that governments should be prepared to take action. Although Mr. Nakagawa did not propose a specific response by governments, the Nikkei 225 stock index in Tokyo closed 2.7 percent higher, reversing earlier losses of as much as 3.9 percent during the morning.

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