Japan Stocks weigh by surging yen

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.

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