RPT-TOPWRAP 7-Rate cut from Japan, Barclays seeks funding

Newswire

* Bank of Japan cuts call rate to 0.30 pct * Barclays announces 7.3 billion pound capital raise * World stocks see worst month in decades, Wall St falls * US consumers cut spending for first time in 2 years (For full crisis coverage, double click on [nCRISIS]) By Claudia Parsons and Jeremy Gaunt NEW YORK/LONDON, Oct 31 (Reuters) - Japan cut interest rates for the first time in seven years on Friday, expecting severe stress in the global economy to persist, while UK banking giant ...

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