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"Investor concern hasn't been eased"
- Yoshinori Nagano, a senior strategist at Daiwa Asset Management Co.
Japanese stocks declined on Tuesday amid higher borrowing costs for Italy. The Nikkei 225 decreased 0.72%, or 61.77 points, to 8,541.93, while the broader Topix lost 0.67%, or 4.94 points, to 730.91.
"Investor concern hasn't been eased," said Yoshinori Nagano, a senior strategist in Tokyo at Daiwa Asset Management Co. "Europe's debt crisis is starting to calm down overall, but it won't be solved anytime soon."
"People are now worried whether Spain will be the next Italy, and whether the Euro members will support indebted countries until the end," added Mr. Nagano.