Japan Stocks Extend Drop After BOJ Holds Rates, Oil Prices Rise

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Japanese stocks slumped as oil prices surged following renewed attacks on energy infrastructure in the Middle East. The Bank of Japan kept interest rates on hold as expected at a policy meeting. The Nikkei 225 Stock Average declined as much as 3% to 53,578.31. The broader Topix index fell 2.3% to 3,632.66 as of 1:06 p.m. Tokyo time. Electric appliance makers and trading companies were the heaviest drags on the index.