Japanese Stock Futures Fall on Yen, Fading Optimism on Cyprus
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Japanese stock futures fell after the yen gained against the euro on concern Cyprus’s bank-restructuring plan will be used as a template for other European nations. Australian equities futures dropped.
American depositary receipts of Sony Corp., an exporter of consumer electronics that gets a fifth of its revenue in Europe, declined 2.2 percent from the Tokyo close. ADRs of Mitsubishi UFJ Financial Group Inc., Japan’s biggest lender, fell 2 percent. BHP Billiton Ltd., the world’s biggest mining company, lost 1 percent in Sydney.