Japanese shares fell, with the Topix index retreating for a second day, as rubber-products makers and brokerages led declines and investors awaited next week’s Federal Reserve meeting.
Most Japanese stocks fell, led by banks and brokerages, as the Wall Street Journal said the scale of U.S. Federal Reserve asset purchases may be less than anticipated. Exporters gained as the yen weakened.
Honda Motor Co. , Japan’s second- largest automaker, gained the most in seven weeks in Tokyo trading after raising its full-year profit forecast on improving sales in Asia.
"We see Toyota as having the most to gain from a weaker yen with improved profits on exports of over 2 million units driving net margins from a lagging to leading position."
- Kurt Sanger on Mar 12, 2013