• SHARE

Worries about the economic impact of the devastating earthquake as well as the nuclear power plant crisis in Fukushima cast a cloud over the Tokyo equities market Monday. Before Friday’s massive quake, the Nikkei Stock Average at the Tokyo Stock Exchange was trading around the 10,500 level. But it fell more than 6 percent to close at a four-month low of 9,620.49. The 633.94 drop is the largest since Oct. 16, 2008, when the Nikkei index tumbled by 1,089.02 following the collapse of Lehman Brothers Holdings Inc. At one point Tuesday, the index fell more than 1,000 to below 8,500.

Many factors are causing the worries. The quake has hampered economic activities in large areas of the Tohoku region. Major manufacturing firms, including Toyota Motor Corp. and Honda Motor Co., have announced temporary production stoppages after some of their facilities were damaged by the quake. The firms are also facing difficulties in procuring parts from Tohoku and other regions because of traffic disruptions.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW