Tokyo stocks end lower on earlier U.S. tapering worries

Economy

Tokyo stocks closed lower Thursday after the U.S. Federal Reserve's July minutes released overnight showed most officials expect stimulus tapering can be started this year, earlier than market expectations. The 225-issue Nikkei Stock Average ended down 304.74 points, or 1.10 percent, from Wednesday at 27,281.17. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 26.78 points, or 1.39 percent, lower at 1,897.19. Decliners were led by iron and steel, marine transportation and mining issues.

Kyodo News

Kyodo News