Tokyo stocks fall in morning after Fed indicates continued easing

©Kyodo News

Tokyo stocks fell Thursday morning after the U.S. Federal Reserve's indication that it will keep its interest rates near zero at least through 2023 lifted the yen, hitting export-related issues.

The 225-issue Nikkei Stock Average dropped 174.07 points, or 0.74 percent, from Wednesday to 23,301.46. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 8.33 points, or 0.51 percent, at 1,636.02.

Decliners were led by land transportation, iron and steel, and air transportation issues.