Japan Stocks Fall First Time in Three Days on U.S. Rate Outlook

Japanese stocks fell for the first time in three days as the yen held two days of gains amid speculation the Federal Reserve won’t hurry to raise interest rates.

Exporters declined, with Honda Motor Co., which gets more than 83 percent of sales abroad, falling 1 percent. Battery-maker GS Yuasa Corp. slumped 3.1 percent after cutting its full-year profit forecast on a writedown and slower sales. Seiko Epson Corp. slumped 2 percent after JPMorgan Chase & Co. cut its rating on the stock. Eisai Co. climbed 9.4 percent, extending yesterday’s gain of 21 percent on positive study results for a partner’s Alzheimer’s drug.