Most Japanese Stocks Decline on China Easing Concern
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Most Japanese stocks declined amid signs rising home prices in China may prompt the government to refrain from easing policy. Declines were limited after the yen fell as consumer confidence in the U.S. topped estimates.
TDK Corp., a manufacturer of electronic parts which gets more than 25 percent of its revenue from China, fell 0.6 percent. Funai Electric Co., an audio-visual equipment company that relies on North America for half its sales, climbed 4.3 percent. Komatsu Ltd. paced declines in its sector after the construction-machinery maker’s equity rating was cut by Bank of America Merrill Lynch.