Japan stocks Thursday continued to decline for a second straight day because of strong yen and U.S. economic fears.
The 225-issue Nikkei Stock Average was down 102.05 points, or 0.80 percent, from the previous day to 12,604.58. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was declined 11.11 points, or 0.90 percent, to 1,226.44.
Among all the TSE first section issues, 684 increased and 934 decreased. The trading volume reached 1,673.36 million stocks or 1,921.5 billion yen. The trading volume is continuing to stay low. The Japanese currency is being traded in the level of 99 yen per a U.S. dollar.
Mainly export-oriented issues such as Toyota, Honda and Sony were sold because the Japanese yen was strong against U.S. dollars, trading under 100 yen per a U.S. dollar.
Brokers said, investors worried about a profit decline for fiscal 2008 to be ended next March. Also fears for U.S. recession is increased among investors because of new release data of U.S. durable goods orders.