Record Cash Collides With Yen as Topix Valuation Approaches Low

Record Cash Collides With Yen as Topix Valuation Approaches Low

Tomohiro Ohsumi/Bloomberg

The Topix declined 1 percent last week to 726.44, the third straight loss, as concern about Europe’s debt crisis worsened after Moody’s Investors Service cut its credit rating outlook for Germany, the Netherlands and Luxembourg.