Tokyo: Japanese stocks closed lower today, retreating from the one-week high recorded in the previous session, as the market was affected by the yen's rapid appreciation after Tokyo and Washington confirmed that they had conducted a joint intervention in the foreign exchange market late last week.
According to Saudi Press Agency, the Nikkei 225 fell 1% to close at 63,754.90 points, while the broader TOPIX index lost 1.1% to end trading at 3,960.03 points. Shares of 169 companies declined, compared with gains for 52 companies, with automakers among the biggest decliners.