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Tokyo stocks close down as firm yen hits exporters, BOJ's moves fail to impress

Xinhua, September 23, 2016 Adjust font size:

Tokyo stocks ended lower Friday as the yens strength following the U.S. Federal Reserve holding out on interest rate hikes hampered exporter-linked issues, while the Bank of Japans new policy framework failed to inspire investors.

The 225-issue Nikkei Stock Average lost 53.60 points, or 0.32 percent, from Wednesday to finish at 16,754.02.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, relinquished 3.11 points, or 0.23 percent, to close at 1,349.56.

Notable issues that lost ground by the close of play comprised securities, transportation equipment and insurance-related stocks.

The turnover on the last trading day of the week was 2,232.7 billion yen (22.23 billion U.S. dollars).

Markets in Tokyo were closed on Thursday for a national holiday. Enditem