Nikkei falls to 8-month closing low on yen worry

TOKYO, Aug 17 (BestGrowthStock) – Japan’s Nikkei stock average fell
0.4 percent to its lowest close in more than eight months on
Tuesday, with the yen holding onto gains against the dollar as
mounting signs of weak economic growth dampened appetite for
risk.

But the Nikkei pared earlier losses after a government source
told Reuters that Japanese Prime Minister Naoto Kan and Bank of
Japan Governor Masaaki Shirakawa are likely to meet next Monday,
sending dollar/yen slightly higher.

The source said the meeting may be pushed forward to later
this week, depending on market developments. [ID:nTKZ006492]

The benchmark Nikkei (.N225: ) lost 34.99 points to 9,161.68,
its lowest finish since Nov. 27 last year. It earlier fell as far
as 9,084.24, within sight of a 13-month low of 9,065.94 hit last
week.

The broader Topix (.TOPX: ) fell 0.2 percent to 826.78.
(Reporting by Aiko Hayashi)

Nikkei falls to 8-month closing low on yen worry