Japan’s Nikkei share average fell to a three-week low on Wednesday and suffered its fourth consecutive losing session as the yen surged following comments from Bank of Japan Governor Haruhiko Kuroda .
The Nikkei fell 0.3 per cent to 20,046.36, its lowest close since May 19, erasing earlier gains as the yen jumped after Kuroda said its effective exchange rate is unlikely to weaken further.
The broader Topix fell 0.4 per cent to 1,628.23, while the JPX-Nikkei Index 400 shed 0.4 per cent to 14,699.93.
Turnover in the Tokyo Stock Exchange was about 15 per cent above the average in the last 100 days at ¥2.941 trillion.