TOKYO: Japanese stocks fell for a second day, following U.S. equities lower after an American payrolls report gave little comfort to investors seeking direction on when the Federal Reserve will raise interest rates.
Toshiba Corp. slumped 1.9 percent after a report its net loss for the last fiscal year is more than 35 billion yen (US$293 million) following an accounting scandal. Toyota Motor Corp. lost 1.6 percent to be the biggest drag on the Topix index. Builder Haseko Corp. gained 0.8 percent and social media site operator DeNA Co. jumped 3.5 percent after the index compiler Nikkei Inc. said it would add the companies to the Nikkei 225 Stock Average.
The Topix declined 1.5 percent to 1,422.33 as of 9:16 a.m. in Tokyo, with all of it 33 industry groups retreating, after the measure on Friday capped its longest losing weekly streak since February 2014. The Nikkei 225 lost 1.4 percent to 17,540.46. The yen traded at 119.12 per dollar after strengthening 0.9 percent on Friday. Mainland Chinese markets reopen Monday following a holiday.
