Japanese stocks fall as investors fear effects of stronger yen

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Financial Times 12h ago

Japanese stocks fall as investors fear effects of stronger yen - Financial Times

Quick Summary:

But some of the fiercest selling was directed at Japan’s big property stocks, which have thrived during the country’s long era of ultra-loose monetary policy but now face a different environment.

Japanese stocks, as measured by the broad Topix index, fell as much as 3.6 per cent on Thursday.

Beyond the turmoil created by the strengthening yen and rising rates, Japan’s largest company, Toyota, disappointed the market when it released April-June results without an expected upgrade to its earnings forecast.