The Business Times

Tokyo: Nikkei falls to near 3-wk closing low on uncertainty over BOJ

Published Thu, Sep 15, 2016 · 06:27 AM

[TOKYO] Japan's Nikkei share average fell to a near three-week closing low on Thursday as uncertainty over the Bank Of Japan's policy review next week continued to take a toll on financial stocks.

Bucking the weakness, convenience store operator Lawson Inc jumped after Mitsubishi Corp said it is considering raising its stake in Lawson to make it a subsidiary.

The Nikkei dropped 1.3 per cent to 16,405.01, the lowest closing level since Aug 26.

The broader Topix dropped one per cent to 1,301.11, while the JPX-Nikkei Index 400 declined 1.1 per cent to 11,670.87.

REUTERS

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