Latest News

Tuesday, 8th December 2009
In Business In Japan,

Japanese shares fall

Shares on the Japanese stock exchange have fallen after a six-day long run of rises.

Figures from the Nikkei fell by 0.3 per cent today (December 8th) with the still rising yen partly blamed for the break in the six-day winning run.

In total, the Nikkei dropped an average of 27.13 points, to stand at 10,140.47.

Commenting on the fall, equity strategist at Daiwa Securities SMBC Kazuhiro Takahashi told the Associated Press: "The market fell on profit-taking following an extended rally. It was also under pressure amid a dearth of new leads."

The drop comes despite a new government cash injection into the struggling Japanese economy, which is trying to cope with high levels of deflation as well as recovery from its deepest recession since the end of the second world war.

Mr Takahashi noted that there had been a "muted" reaction amongst investors to the new stimulus package announced by the Japanese government.

Written by Kimberley Homer.