Jan 14th, 2014

Nikkei225 dropped below 15,500 for the first time in a month!

Tokyo's Nikkei share average(Nikkei 225) ended 3.08% lower at 15,422.40, and it dropped below 15,500 for the first time in a month. It was a completely bearish market today, and most stocks sold because of unexpepcted Current Employment Statistics of USA and strong yen. The yen rose at 102.88 against the dollar temporarily.

In the afternoon, Morihiro Hosokawa the 79th Prime Minister of Japan from 1993 to 1994 published running for Tokyo gubernatorial election on February 9th, and Junichiro Koizumi the 87th Prime Minister of Japan from 2001 to 2006 published helping him in the campaign. They declare a policy of abandoning nuclear power(Tokyo Metropolitan government owns shares of Tokyo Electric Power as a major shareholder). They're likely that will cause trouble for Abe administration because Abe administration hesitate abandoning nuclear power for concerning adverse effects on the economy.

Only five company of Nikkei225 rose: Chiyoda Co.(TYO:6366), NEC(TYO:6701), NTN(TYO:6472), Sumitomo Metal Mining(TYO:5713) and JGC Co.(TYO:1963). Power companies dropped because of the above reason, auto manufactures because of strong yen. On the other hand, Suntory Beverage & Food Limited(TYO:2587) rose though Suntory Holdings (private company) the parent comapany of it published acquisition of Beam Inc（NYSE:BEAM).

The number of dropping stocks today is 1,537, and 86% of the total stocks in Tokyo Market dropped with 3.01 billion share changing hands. Meanwhile, the number of stocks rose today is 194.