Nikkei tumble after BOJ inactions

The Japan share market stumbled on Thursday, 28 April 2016, as risk aversion selloff triggered after the Bank of Japan disappointed by holding off on expanding monetary stimulus. Selloff pressure intensified after official data showed that consumer prices fell 0.3 per cent in March from a year earlier, the first drop in five months. All 33 TSE industry sectors were down, with Land Transportation, Electric Appliances, Iron & Steel, Pharmaceutical, Air Transportation, and Real Estate stocks being major losers. The 225-issue Nikkei average tumbled 624.44 points, or 3.61%, to close at 16666.05. The Topix index of all first-section issues ended down 43.75 points, or 3.16%, at 1340.55.

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