Mubasher: Japan’s indices closed Thursday in the red zone, despite an approval by the Japanese government on a record budget for 2016.
According to Japan’s News Agency, total spending is valued at 96.72 trillion yen, or $800 billion, with more $3 billion compared to the current budget.
The Nikkei index declined 0.51% to 18,790 points at close, the lowest level since 16 December 2015, and the broader TOPIX Index fell 0.7% to 1,523.62 points.
Meanwhile, the JPX-Nikkei index 400 plummeted 0.6% to 13,741.44 points.
