Tokyo Markets Decline as Robust Yen Impacts Exporters
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Tokyo, Nov 29 (NationPress) Tokyo markets experienced a decline on Friday as a robust Yen against the US dollar impacted exporter issues.
Japan's primary stock index, the 225-issue Nikkei Stock Average, closed down 141.03 points, equating to a 0.37 percent decrease from Thursday, settling at 38,208.03, according to reports from Xinhua news agency.
The broader Topix index also ended lower, finishing at 2,680.71, down 6.57 points or 0.24 percent.
The Yen surged to a one-month high in the upper 149 range against the US dollar on Friday, driven by speculation that the Bank of Japan might increase interest rates at its upcoming monetary policy meeting.
Analysts noted that the benchmark Nikkei managed to reduce some losses in the afternoon due to bargain-hunting.
