Nikkei slumps to 4-week closing low on U.S. fiscal worries

TOKYO Mon Nov 12, 2012 6:06am GMT

TOKYO Nov 12 (Reuters) - Japan's Nikkei stock average fell for a sixth straight day and hit a four-week closing low on Monday, hurt by concerns over U.S. fiscal woes that threaten to push the world's largest economy into recession.

The Nikkei fell 0.9 percent to 8,676.44, and the broader Topix dropped 1.1 percent to 722.58.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.