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Tokyo stocks close lower as BOJ holding pat on policy sends yen higher

Xinhua, March 15, 2016 Adjust font size:

Tokyo stocks ended lower Tuesday as expectations for the Bank of Japan (BOJ) to unroll further easing measures were dashed as it held pat on its policy, despite lowering its economic view after a two-day board meeting, which sent the yen higher versus the U.S. dollar.

The 225-issue Nikkei Stock Average dropped 116.68 points, or 0.68 percent, from Monday to close at 17,117.07.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, finished 7.87 points, or 0.57 percent lower, to end the day at 1,372.08.

Notable decliners at the close of play comprised insurance, mining, and iron and steel-linked shares and the day's turnover was 2,112.3 billion yen (18.62 billion U.S. dollars). Endit