Japanese Stocks Tumble After Nikkei 225 Posts Historic Rally
- Tokyo market follows U.S. lower on jobs data ahead of Fed
- Shares get afternoon boost as lawmaker calls for more easing
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Japanese stocks fell, after the Nikkei 225 Stock Average posted an historic rally on Wednesday, as U.S. data bolstered the case for a Federal Reserve interest-rate increase.
Fast Retailing Co. tumbled 5.6 percent, giving back more than half of Wednesday’s gain. Inpex Corp. dropped 4.1 percent, with energy shares leading losses as oil declined for a fourth day. Suzuki Motor Corp. sank 6.1 percent after UBS Group AG cut its rating on the carmaker. Mitsubishi Tanabe Pharma Corp. jumped as much as 13 percent after striking a deal with Biogen Inc. to develop and market a drug for auto-immune diseases.