Japanese Stocks Retreat as Topix Pares Second Monthly Advance
- Insurers, shipping companies and drugmakers lead declines
- Investors weigh Abe's extra budget moves to boost economy
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Japanese stocks fell, paring the Topix index’s second straight monthly gain, as insurers, shippers and drugmakers led declines.
The Topix index fell 0.9 percent to 1,580.25 at the close in Tokyo, with all but three of its 33 industry groups declining. The gauge rose 1.4 percent on the month, following its biggest increase in 2 1/2 years in October. The Nikkei 225 Stock Average slipped 0.7 percent to 19,747.47 on Monday.