"There are concerns the market has risen too much"
- Naoteru Teraoka, general manager at Tokyo-based Chuo Mitsui Asset Management Co.
Japanese stocks fell on Wednesday, after the Nikkei 225 rose the most in half a year on Tuesday. The Nikkei 225 retreated 0.71%, or 72.58, to 10,182.57. The broader Topix lost 0.92%, or 7.99, to 864.43.
"There are concerns the market has risen too much," said Naoteru Teraoka, general manager at Tokyo-based Chuo Mitsui Asset Management Co.
"U.S. data overnight were mixed," said Tim Schroeders, fund manager at Pengana Capital Ltd. in Melbourne. "We are in a consolidation phase after markets put on some pretty good gains, particularly in Japan."
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