"Investors are turning risk averse"
- Soichiro Monji, chief strategist at Tokyo-based Daiwa SB Investments Ltd.
Japanese stocks declined on Wednesday as Greek political crisis deepened.
The Nikkei 225 fell 1.49%, or 136.59 points, to 9,045.06. The broader Topix erased 1.38%, or 10.74, to 765.83.
"Investors are turning risk averse," said Soichiro Monji, chief strategist at Tokyo-based Daiwa SB Investments Ltd.
"We don't know what kind of political coalition will be formed in Greece. It remains unclear if the nation will exit the euro and if that will actually break up the euro."
© Dukascopy Bank