Japanese shares fell as a stronger yen spurred concern over earnings outlooks, with most companies reporting results over the coming weeks.
Electronics makers weighed most heavily on the benchmark Topix in early trading in Tokyo. The Japanese currency maintained ground at around 107.9 per dollar after gaining 0.5% over the past two trading sessions. Local markets resumed trade Tuesday following a national holiday Monday.
The average dollar-yen forecast from the nation’s large manufacturers is 109.35 for the fiscal year ending March 31, according to the Bank of Japan’s latest quarterly Tankan survey.
Topix index -0.4% to 1,570.42 as of 9:41 a.m. in Tokyo. Nikkei 225 index -0.5% to 21,589.14.
Yen little changed at 107.91 per dollar.
Source : Bloomberg