Japan Stocks Head for First Loss in Five Days as Yen Strengthens
ByJapanese stocks fell, with the Topix index headed for the first loss in five days, after the yen strengthened against the dollar as weak U.S. retail sales data added to signs the world’s biggest economy is slowing.
SKY Perfect JSAT Holdings Inc. tumbled 8.2 percent, the most on the Nikkei 225 Stock Average, after the broadcaster forecast net income that missed estimates. Takata Corp. slid 2.9 percent after Japan’s biggest carmakers said they would expand a recall because of Takata’s faulty air bags. Toshiba Corp. gained 2.4 percent after estimating a 50 billion yen ($420 million) reduction in operating profit for its last three fiscal years from an accounting probe, easing concerns of a larger impact…
Japan Stocks Head for First Loss in Five Days as Yen Strengthens
