Japanese stocks fell, with the Nikkei 225 Stock Average slipping from a one-month high, as investors closed out futures on the last day of a contract ahead of meetings in Europe aimed at resolving the debt crisis.
Nikon Corp., a camera maker that depends on Europe for about a quarter of its sales, fell 2.4 percent. Tokyo Electric Power Co., owner of the crippled Fukushima Dai-Ichi nuclear plant, sank 11 percent after a report it may be taken over by the government. Sumco Corp. slid 4.5 percent after the maker of silicon wafers for semiconducters forecast a loss. Aichi Steel Corp. led declines among large steelmakers after Credit Suisse Group AG cut its rating. (Bloomberg)
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