Business News

Tokyo shares tumble 3.5% after weak BoJ corporate confidence survey

TOKYO, (APP/AFP): Tokyo stocks tumbled more than three percent Friday as a key Bank of Japan (BoJ) survey showed confidence among major manufacturers dropped to a three-year low, while Panasonic plunged on a disappointing profit forecast.
The benchmark Nikkei 225 index ended lower for the fourth straight session, dropping 3.55 percent, or 594.51 points, to 16,164.16.
The broader Topix index of all first-section shares gave up 3.40 percent, or 45.80 points, to finish at 1,301.40.