Nikkei declines 1%

Japanese share market closed down on Tuesday, 05 August 2014, registering fourth consecutive drop, due to yen's rise against major rivals and downbeat reading of China's services industries. Meanwhile, selloff pressure mounted on caution ahead of Bank of Japan policy meeting this week and more corporate earnings. The benchmark Nikkei 225 index dropped 154.19 points to close at 15320.31, while the Topix index fell 12.66 points to 1263.53.

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