Nikkei edges down as dollar falls vs yen after Fed comment
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By Ayai Tomisawa
TOKYO, March 30 (Reuters) - Japan's Nikkei share average edged down on Wednesday morning as the dollar dropped against the yen after U.S. Federal Reserve Chair Janet Yellen called for caution on raising interest rates.
The Nikkei dropped 0.4 percent to 17,031.54 in midmorning trade.
Federal Reserve Chair Janet Yellen said on Tuesday the U.S. central bank should proceed "cautiously" as it looks to raise interest rates, because inflation has not yet proven durable against the backdrop of looming global risks to the U.S economy.
U.S. stocks rose overnight, but with the stronger yen hurting sentiment, Japanese equities were sold. Continuación...