Tokyo shares end down as yen rises, profits taken before BOJ outcome
News On Japan via Wall Street Journal -- Jan 21
Tokyo stocks fell Monday as a rise in the yen and profit-taking ahead of the upcoming Bank of Japan policy board announcement pushed overbought and currency-sensitive shares such as Fast Retailing and Fanuc sharply lower, dragging down the broader indexes.
The Nikkei Stock Average dropped 165.56 points, or 1.5%, to 10,747.74 following the prior session's 2.9% gain--the best percentage gain for the benchmark index since March 2011.
The Topix index of all the Tokyo Stock Exchange First Section issues also slipped 6.28 points, or 0.7%, to 905.16, with 29 of 33 subindexes ending in negative territory.
The Japanese word "choju," meaning longevity, implies, with its kanji, joyous celebration of long life. Intrinsically, it is a joyful thing for people to live long. But if a society has many people who age in solitude, isolated from their families and local communities, it cannot be called choju. It should rather be called "roka shakai," or a society that weakens as it ages. (Yomiuri )
Japan's Crown Prince Naruhito has ended his official visit to Spain after a trip to a Christian pilgrimage site in the northwest. His visit marked the 400th anniversary of relations between the 2 countries. (NHK )
Osaka Prefectural Police on Friday busted a transvestite in bar in Minami Ward for operating illegally. At 11:15 p.m., officers took Anna Ueda, 34, the manager of club Chu-, into custody for violating the Law Regulating Adult Entertainment Businesses after discovering two employees serving one customer alcohol and food. The club did not have a license to provide such services. (Tokyo Reporter)