Stocks
fell in Tokyo, with the benchmark Topix index close to erasing its
gains from the Bank of Japan’s latest stimulus, as exporters declined
after the yen jumped against the dollar.
The
Topix lost 0.9 percent to 1,394.05 as of 9:10 a.m. in the Japanese
capital after tumbling 3.2 percent on Wednesday. The measure briefly
dropped below its closing level on Jan. 28, the day before the central
bank surprised investors by saying it would adopt negative interest
rates. The Nikkei 225 Stock Average slipped 0.6 percent to 17,079.75 on
Thursday. The yen traded at 118.04 per dollar after strengthening 1.7
percent on Wednesday, the most since August, as weak U.S. services data
fueled anxiety America’s economy isn’t immune to weakness elsewhere.
Source : Bloomberg
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