Japan Stocks Drop as 900 Shares on Topix Go Ex-Dividend

Japanese stocks fell, with the Topix Index falling the most since May 18, as more than 900 companies on the Topix trade ex-dividend today, and amid concern stimulus from central banks in the U.S., Europe and Asia won’t do enough to revive global economic growth.

NTN Corp., one of companies on the Topix that is trading without rights to a dividend from today, sank 5.8 percent. Funai Electric Co., an audio-visual equipment maker that gets half its sales from North America, lost 2.7 percent after the president of the Federal Reserve Bank of Philadelphia said more bond purchases by the central bank won’t boost growth. Sony Corp. slid 4.5 percent after Standard & Poor’s cut the consumer-electronics maker’s credit rating.