Business News

Tokyo’s Nikkei stock index drops 3% on yen rally

TOKYO, (APP/AFP) – Tokyo’s benchmark stock
index plunged more than three percent Thursday afternoon as the soaring yen hammered exporters after the Bank of Japan decided against boosting its stimulus.
The Nikkei 225 tumbled 3.10 percent, or 493.21 points, to 15,426.27 with less than an hour to go before the close.