Tokyo - Japanese stocks plunged on Wednesday as export-oriented issues were dragged down by the yen's rise.
The benchmark Nikkei 225 Stock Average lost 314.23 points, or 2.17 per cent, to end at 14,170.49, while the broader-based Topix index was down 18.28 points, or 1.53 per cent, at 1,175.16.
Exporters fell as the yen rose against major currencies.
A stronger yen makes Japanese goods less competitive overseas and erodes repatriated revenues.
On currency markets at 3 pm (08:00 SA time), the dollar traded at 97.67-68 yen, down from Tuesday's 5 pm quote of 97.92-94 yen.
The euro was quoted at 132.07-14 yen, down from 132.84-88 yen late Tuesday and at 1.3521-3525 dollars, down from 1.3566-3568
dollars. - Sapa-dpa