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japan s stocks fall on concern over us economy

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    Japan s Stocks Fall on Concern Over US Economy; Toyota Drops

    By Makiko Suzuki

    Nov. 1 (Bloomberg) -- Japanese stocks fell after U.S. consumer confidence unexpectedly declined and the dollar slid to a five-week low against the yen. Companies that do business in the U.S., such as Toyota Motor Corp., dropped.

    ``An increasing number of people has started to worry about the outlook for the U.S. economy,'' said Masanobu Takahashi, chief strategist at Ichiyoshi Securities Co. in Tokyo. ``Together with a strengthened yen, their concern will push exporter shares lower.''

    The Nikkei 225 Stock Average fell 100.67, or 0.6 percent, to 16,29.72s of 9:09 a.m. in Tokyo. The broader Topix index fell 6.25, or 0.4 percent, to 1611.17.

    Nikkei futures expiring in December lost 0.6 percent to 16,260 in Osaka and declined 0.6 percent to 16,270 in Singapore.

    Mitsubishi UFJ Financial Group Inc. gained after saying first-half profit exceeded its forecast
 
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