Japanese equities fall as Topix records largest drop in 2 weeks

Japanese shares dropped on Wednesday pushing the local benchmark index towards the biggest decline in a two-week period after the country's currency improved against the U.S. Dollar and as Asian shares fall on lower Chinese money-market rates. The Topix Index slid 1.3% to 1,198.74 by 1:37 p.m. Tokyo time following an earlier gain of 0.7%.