On topic: Japan stocks hit by historic turbulence

Japanese stocks have been on a wild ride over the last week or so, with the benchmark Nikkei Stock Average marking its two worst daily sell-offs of all time but also racking up its largest single-day rise.

Fears over a possible U.S. recession, a fluctuating yen and moves by central banks have been weighing on investors' minds, while analysts warn more volatility could lie ahead -- especially with major events approaching in September such as the U.S. Federal Reserve's next policy meeting.

Here is a selection of stories to bring you up to date on the latest developments.

The Nikkei Average plummeted on Monday, recording its worst-ever daily sell-off. Panic selling, triggered by fears of a possible U.S. recession and the yen's strength, led the index to drop 4,451.28 points, surpassing the Black Monday crash of October 1987. Read more.

On Tuesday, however, the benchmark index surged 3,217.46 points -- its largest single-day climb. The rebound followed the release of U.S. service sector data for July, which helped ease concerns of a recession. Read more.

Along with stocks, the yen has been on the move, gaining 10% against the dollar over the past month. That has prompted some foreign exchange strategists to predict the currency will end the year stronger than they had previously expected -- in the mid-140 range to the greenback. Read more.

Despite the already intense roller coaster ride, analysts say that investors should expect the Japanese market's volatility to continue, especially with market trading set to decline due to Japan's Bon holiday travel season this month. Read more.

Comments aimed at calming the market came on Wednesday, when Bank of Japan Deputy Gov. Shinichi Uchida said it would not raise interest rates at times