Japan Stocks Fall for a 4th Day, Led by Toyota, Mizuho, Banks
By Tomoko Yamazaki
03/26 01:08
quote.bloomberg.com
Tokyo, March 26 (Bloomberg) -- Japanese stocks fell for a fourth day, led by Toyota Motor Corp. and other exporters, after a U.S. homes report raised concern signs of an economic recovery will push the Federal Reserve to raise interest rates, curbing demand for their goods.
Mizuho Holdings Inc. and other banks also declined after Tokyo Governor Shintaro Ishihara said the Tokyo government will try to force banks to pay taxes this year, appealing the Tokyo District Court's ruling that the metropolitan government must repay 74.2 billion yen ($557 million) in taxes to banks.
The Nikkei 225 stock average fell 53.17, or 0.5 percent, to 11,207.92, extending a three-day, 4.5 percent drop. The Topix index slipped 9.05, or 0.8 percent, to 1064.15. |
