Nikkei slips off 4-yr high on pause in yen’s fall, Nikon slumps 19 pct

Japan’s Nikkei share average retreated on Thursday from a more than four-year high hit a day earlier as a pause in the yen’s decline and caution ahead of a European Central Bank meeting gave investors reason to take profits on export-driven firms. Nikon Corp plummetted 19 percent to a daily limit of 2,139 yen and its lowest level in more than two months, as its sharp cut in its outlook disappointed investors who had chased the stock higher over the past three months.

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Nikkei slips off 4-yr high on pause in yen’s fall, Nikon slumps 19 pct