Mar 05 2018

Yen Strengthening and Trade Rhetoric Hit Japan Exporters

Honda, Toyota and major Japanese steel markers led Tokyo into a fourth straight fourth day of declines on Monday after the market’s reaction to a strong yen and the other factors.

But the 0.9 percent drop on Topix was contrary to what many observers had feared.

Last Friday, the short-sell ratio for the Topix hit an all-time high.