"The fact that investors were so unenthusiastic about Spain's auction reminded people that Europe has made very little real progress in solving its debt problems"
- Hisakazu Amano, a fund manager at T&D Asset Management Co.
Japanese stocks retreated for a third consecutive day on Thursday, after yields on Spanish bonds soared.
The Nikkei 225 erased 0.53%, or 52.38 points, to 9,767.61, while the broader Topix retreated 0.33%, or 2.79, to 832.57.
"The fact that investors were so unenthusiastic about Spain's auction reminded people that Europe has made very little real progress in solving its debt problems," said Hisakazu Amano, a fund manager at T&D Asset Management Co. in Tokyo.
Ministry of Finance Japan is to announce current account on Monday. Trade surplus contracted to 0.12 trillion yen in January, after widening to 0.75 trillion yen in December.
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