Tokyo shares end down as yen rises, profits taken before BOJ outcome
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.
US President Barack Obama has left the United States for his first trip to Japan in about 3-and-a-half years. Obama and Japanese Prime Minister Shinzo Abe will hold a summit meeting on Thursday. (NHK )
The education ministry conducted national academic achievement tests on Tuesday for all final-year students at primary and middle schools across the country. About 2.24 million students at about 30,000 schools took Japanese and mathematics exams. (The Japan News )
Japan and the United States are now seen deferring a broad trade agreement until after a summit meeting set for Thursday due to differences over key issues, informed sources said Tuesday. (Jiji Press )
The virus strain that caused bird flu at a poultry farm in southwestern Japan has been confirmed to be genetically identical to the one found in South Korea, the National Institute of Animal Health said Tuesday. (Jiji Press )
Airport authorities in Tokyo launched a frantic scramble to change security pass codes, an official said Tuesday, the day before U.S. President Barack Obama arrives, after an airline employee dropped a memo containing the details. (Japan Today )
A former judge from the Ministry of Justice is alleged to have installed a camera inside a women's toilet inside a ministry building in Kasumigaseki, people with knowledge of the matter announced on Monday, reports Sports Nippon (Apr. 22). (Tokyo Reporter )
Police in Fuso, Aichi Prefecture, said Sunday they have arrested an unemployed 38-year-old man for attempted murder after he broke into the home of his ex-girlfriend and stabbed her and her parents. (Japan Today )
Feeding black-tailed gulls has been a popular activity on the sightseeing boats that cruise around the Matsushima islets, considered to be one of the three most beautiful spots in Japan, but local authorities banned the practice this month in a bid to protect the islets' famous pine trees from withering as a result of nitrogen in the droppings of the gulls, who have bred in large numbers in the area. (The Japan News )