Japan stocks declined Wednesday as investors began worried about U.S. recession.
The 225-issue Nikkei Stock Average, which soared more than 265 points on the previous day, decreased 38.59 points, or 0.30 percent, to 12,706.63. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 5.43 points, or 0.44 percent, to 1,237.55.
Among All TSE first section issues, 912 declined while 700 increased. The trading volume reached 1,575.29 million stocks or 1,781.5 billion yen. The Japanese currency is being traded in the level of 100 yen per a U.S. dollar.
Export-oriented issues such as Canon, Toyota and Nissan were dropped because of strong yen and weakening U.S. consumer confidence data.
Traders said, it seems that investors are waiting for the fiscal year ending of Japanese companies, that's why low volume sessions are continuing in Japan Market, according to Kabushiki Shimbun.