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Markets

Tokyo shares slide ahead of Bank of Japan's policy decision

Monetary tightening by central banks in Europe triggers recession concerns

A woman walks past an electronic board showing Nikkei Sock Average in Tokyo on June 17: The benchmark index was down nearly 2.7% at one point. (Photo by Yo Inoue)

TOKYO -- Tokyo stocks fell in morning trade on Friday, following the broad sell-off in the European and the U.S. markets overnight, as major central banks tightened monetary policy.

The Nikkei Stock Average plummeted more than 700 points from the previous day's close, down nearly 2.7%, at one point. Major stocks, including Toyota Motor and SoftBank Group, are trading lower.

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