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Tokyo stocks ended lower Monday, with exporters hit hard by a stronger yen and investors cautious ahead of a Bank of Japan meeting.
The benchmark Nikkei 225 index was down 1.14 percent, or 297.20 points, to end at 25,822.32, while the broader Topix index lost 0.88 percent, or 16.77 points, to 1,886.31.
The dollar fetched 127.64 yen, against 127.87 yen Friday in New York, firmer than the 129.11 seen in Asia’s Friday trade.
The yen has appreciated rapidly on signs the US Federal Reserve will slow its rate hikes and the Bank of Japan’s decision last month to pivot away from its long-standing ultra-loose monetary policy.
