Mubasher: Japanese stocks declined on Monday, the first trading session in 2016, amid fears over economic slowdown.
Japanese Prime Minister Shinzo Abe said that his government gave the utmost priority on the economy in the coming three years.
He added on the sidelines of a conference on Monday that “We are still half way but we have created a situation that is no longer seen as deflation.”
The benchmark Nikkei average lost 3.06% or 582.73 points to reach 18,450.98 points; the lowest level since mid-October.
The Topix fell 2.4% to reach 1,509.67 points.
The JPX-Nikkei index 400 sank 2.5% to 13,897.24 points.
The Shanghai Composite index declined 6.87%.
