Stocks fell in Tokyo, with the benchmark Topix index close to erasing its gains from the Bank of Japan’s latest stimulus, as exporters declined after the yen jumped against the dollar.

The Topix lost 0.9 percent to 1,394.05 as of 9:10 a.m. in the Japanese capital after tumbling 3.2 percent on Wednesday. The measure briefly dropped below its closing level on Jan. 28, the day before the central bank surprised investors by saying it would adopt negative interest rates. The Nikkei 225 Stock Average slipped 0.6 percent to 17,079.75 on Thursday. The yen traded at 118.04 per dollar after strengthening 1.7 percent on Wednesday, the most since August, as weak U.S. services data fueled anxiety America’s economy isn’t immune to weakness elsewhere.

Source : Bloomberg