Japan, Australian Stock Futures Decline on Fed Stimulus Concerns

Japanese and Australian stock futures fell as economists said the Federal Reserve may scale back its stimulus efforts as early as September amid improving economic growth.

American Depositary Receipts of Nomura Holdings Inc., Japan’s largest brokerage, declined 1.1 percent. Shares of Fast Retailing Co., Asia’s biggest clothing retailer, may be active after store sales in May at Uniqlo Japan outlets climbed 11 percent. ADRs of Westpac Banking Corp. declined 0.4 percent before a report to be released today that may show the Australian economy grew 2.7 percent in the first quarter from a year earlier, the weakest pace since the fourth quarter of 2011.