empty
 
 

2013.06.0505:23:15UTC+00Japan stocks retreat before Abe's speech

Japanese stocks sharply decline in early Wednesday action after a drop on Wall Street, with monetary shares and several exporters slumping on caution ahead of Prime Minister Shinzo Abe's speech later in the day. The Nikkei Stock Average was decreased by 0.3% to 13,500.27 after opening higher, while the broader Topix retreated 0.7% to 1,117.86. Prime Minister Abe was set to outline an economic growth strategy later in the day, with The Wall Street Journal reporting he'd announce a plan for greater targeted stock purchasing, while Kyodo News reported the government would committed to create 4.4 million new jobs by 2030. Shares of Mitsubishi UFJ Financial Group Inc. relinquished 2.5% and Mizuho Financial Group Inc. traded 2% lower. Exporters pull back although the U.S. dollar stayed above ¥100, with Mitsubishi Motors Corp. backsliding 5.1% and Sony Corp. giving up 2.2%.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback