Nikkei retreats from 52-month high, hit by financials and exporters

Thu Feb 21, 2013 6:13am GMT

TOKYO, Feb 21 (Reuters) - The Nikkei average fell on
Thursday as financials and exporters dropped, tugging the market
below a 52-month high hit the previous day, with investors' risk
appetite also dampened by declines in U.S. shares.
    The Nikkei closed 1.4 percent lower at 11,309.13
points. On Wednesday, the index rose to 11,468.28, marking its
highest closing level since late September 2008.
    The broader Topix shed 1.1 percent to 962.86.
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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.