Japan Stocks fall on stronger yen

The Japan share market declined on Monday, 23 May 2016, due to yen appreciation against dollar after Group of Seven finance ministers voiced concern over the sputtering global economy and pressed Tokyo not to weaken its currency. Risk aversion selloff were also pressured by Japan's customs-cleared trade statistics for April, released just before the opening bell, showed that the trade surplus expanded due mainly to a steep drop in imports. The 225-issue Nikkei average lost 81.75 points, or 0.49 percent, to end at 16,654.60. The Topix index of all first-section issues finished down 4.72 points, or 0.35 percent, at 1,338.68.

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