Economics
Japanese Stocks Decline as Yen Gains After BOJ Decision
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Japanese stocks fell as the yen strengthened after the Bank of Japan doubled its inflation target while waiting until next year to start open-ended asset purchases like the ones already adopted by the Federal Reserve.
Exporters Honda Motor Co. and Canon Inc. fell more than 1.6 percent. Sumitomo Mitsui Financial Group Inc. dropped 1.4 percent to lead declines among Japan’s biggest lenders. Kirin Holdings Co. climbed 3.2 percent after a report the beverage maker may sell its stake in Singapore-based Fraser & Neave Ltd.