Nikkei ends 0.35% down on stronger yen

Japanese share market closed down on Thursday, 19 March 2015, as investors preferred profit booking after yen (JPY) appreciated against the greenback after the Fed downgraded the economic growth as well as the inflation outlook of the US. Most of the blue chips of the Topix-17 industries declined, with banks, financials, foods, steel & nonferrous metals, machinery, construction & materials, electric power & gas, transportation & logistics and pharmaceutical being major losers. The Nikkei Stock Average declined 67.92 points, or 0.35%, to close at 19476.56. The broader Topix index sank 6.65 points, or 0.42%, to 1575.81.

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