Japan Stocks weigh by surging yen

Last Updated : Jun 03 2016 | 12:01 AM IST

The Japan share market tumbled on Thursday, 02 June 2016, weighed by the yen appreciation against greenback after Prime Minister Shinzo Abe said he would postpone an increase in the nation's sales tax and held back a widely expected fiscal stimulus package. Easing policies aim in part to weaken the yen to help boost the economy, so the smaller chance of easing triggered an unwinding of bearish yen bets, which pushed the yen stronger. The benchmark Nikkei225 index had tumbled 2.32%, or 393.18 points, to 16,562.55. The broader Topix index of all first-section shares fell 2.22%, or 30.26 points, to 1,31.81.

Powered by Capital Market - Live News

Already subscribed? Log in

Subscribe to read the full story →

^*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%

*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

In-depth market analysis & insights with access to The Smart Investor

Ad-free Reading

Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

Access Business Standard across devices — mobile, tablet, or PC, via web or app

SAVE 25%

Subscribe for ₹2,700 / 1 Year

Connect with us on WhatsApp

Japan Stocks weigh by surging yen