Nikkei 225 declines on Europe scepticism

Japan's Nikkei Stock Average traded 0.77% or 64.82 points down reaching 8,395.16 as market reflected investor scepticism towards impact the ECB cheap loans might have on curtailing region's debt crisis. Toyota Motor Corp. was down 0.6% after reporting its sales are likely to fall by 6% this year. On the upside Yahoo Japan Corp. jumped 2.1% after company said it may reduce most of its ownership in Asian securities. Olympus Corp extended loss for a second straight day 3.05% down.