Japan stocks edge lower, eyes on yen

Tokyo, Nov 21: Japanese stocks edged lower on Wednesday, with exporters such as Canon Inc sliding on a slightly stronger yen amid concern about the long-term health of the U.S. economy.

The dollar slipped a bit in early Tokyo trade, and market participants said strong rises in stocks remain unlikely with the dollar at the 109 yen level.

As of 0009 GMT, the benchmark Nikkei average was at 15,088.65, down 0.8 percent or 122.87 points. The broader TOPIX was down 0.5 percent at 1,461.91.

Reuters
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