Nikkei 225 Retreats From 32-Month High Before BOJ Meeting
This article is for subscribers only.
Japanese shares fell, with the Nikkei 225 Stock Average slipping from a 32-month high, as the yen climbed against the dollar after hitting its lowest level in 2 1/2 years before a Bank of Japan policy decision tomorrow.
Nissan Motor Co., which counts North America as its biggest market, lost 1.5 percent. Fanuc Corp. slid 3.9 percent after the factory robotics company’s rating was cut at Citigroup Inc. Sharp Corp. lost 3.8 percent on a Reuters report it slowed production of displays for Apple Inc.’s iPad. Sony Corp. gained 3.3 percent on a report the electronic makers may release the thinnest tablet computer ever.