Japanese Stocks Fall as Yen Strengthens
On The Move
Japanese stocks fell, paring the Topix index’s first monthly advance since November, as the yen strengthened after Federal Reserve Chair Janet Yellen voiced caution on raising U.S. interest rates given the risks to world growth. Just a day after parliament passed a record budget for the fiscal year starting April 1, Japanese Prime Minister Shinzo Abe said he was considering a new economic stimulus package ahead of elections this summer, public broadcaster NHK reported Wednesday. Rmg Wealth Management Chief Investment Officer Stewart Richardson discusses with “On the Move” host Guy Johnson in London and Bloomberg’s Hans Nichols in Berlin.