Tokyo stocks drop in morning on firm yen amid BOJ shift speculation
Tokyo stocks dropped Monday morning, led by selling of export-related issues on a firm yen against the U.S. dollar amid speculation the Bank of Japan may further revise its ultraloose monetary policy.
The 225-issue Nikkei Stock Average fell 264.14 points, or 1.01 percent, from Friday to 25,855.38. The broader Topix index was down 10.75 points, or 0.56 percent, at 1,892.33.
Export-oriented stocks such as automakers and precision instrument manufacturers fell.