Tokyo - Stocks in Tokyo closed lower Wednesday, after Toyota Motor Corp, Japan's largest automaker, projected its first operating loss in 71 years for the current business year.
Following a slump on Wall Street which was dragged down by falling US home prices, the benchmark Nikkei 225 Stock Average was down 206.68 points, or 2.37 per cent to 8,517.1.
The broader Topix index of all first-section issues fell 21.74 points, or 2.56 per cent, to 826.99.
Toyota said Monday it expected an operating loss for the business year through March 31. Stock markets in Tokyo were closed for a public holiday on Tuesday.