(Bloomberg) -- Japanese stocks slipped after U.S. consumer confidence and sales of previously owned homes slumped, renewing concern slower growth in Japan's largest export market will curb profits for exporters such as Toyota Motor Corp.
``We are now seeing the main impact from past Fed rate increases with weak figures coming out of the U.S.,'' said Kiyoshi Ishigane, who helps oversee $61 billion in assets at Mitsubishi UFJ Asset Management Co. in Tokyo. ``Exporters will be particularly cautious with their forecasts because of concern about the slowing U.S. economy.''
Read more at Bloomberg Stocks News
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