TOKYO -- Japan's benchmark Nikkei Stock Average plummeted on Thursday as the yen strengthened to a four-month high, weighing on export-heavy sectors such as automobiles following key U.S. Federal Reserve and Bank of Japan announcements.
Equities
Japan's Nikkei average drops 3.5% as yen jumps to 148 per dollar
BOJ governor's hawkish posture weighs on stocks of exporters like auto companies
Services benefiting from inbound spending also took a blow. Department store operator Isetan Mitsukoshi Holdings dropped 11.7%. (Photo by Satoko Kawasaki)
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