The Nikkei index closed down 0.44% to 28631.45 points, while the broader Topix index fell 0.21% to 1856.64. In the previous session, the index closed at its highest level in 30 years thanks to optimism that US President Joe Biden’s massive stimulus package will boost growth.
Asian stocks fell from record levels as investors pulled some money out of the market after a recent stimulus-driven rally.
Advertising agency Dentsu Group closed down 2.19% after The Times reported earlier in the session that the Japanese government had privately concluded that the Olympic Games in Tokyo would be canceled. The government vehemently denied the report.