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Tokyo shares close lower on stronger yen, central bank policy awaited

Xinhua, July 28, 2016 Adjust font size:

Tokyo shares ended lower Thursday on yen's advance against the U.S. dollar as the U.S. Federal Reserve maintained its interest rates unchanged, seeming in no hurry to tighten monetary policy in short term.

In addition, investors stayed cautious ahead of the outcome of the Bank of Japan's two-day policy meeting ending Friday.

The 225-issue Nikkei Stock Average ended down 187.98 points, or 1.13 percent, from Wednesday at 16,476.84.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 14.67 points, or 1.11 percent, lower at 1,307.00.

Decliners were led by air transportation, miscellaneous product and banking issues.

The day's turnover was about 2,373.8 billion yen (around 22.64 billion U.S. dollars). Endit