Japanese stocks declined early Thursday, as electronics makers and autos said, following the U.S. dollar's decline against the yen overnight in New York. Shortly after the start of trading on the Tokyo Stock Exchange the benchmark Nikkei 225 index was down 88.31 points, or 0.57%, at 15,376.27. The broader Topix index, including all shares on the exchange's first section, was down 7.95 points, or 0.50%, at 1,594.26. Prices were lower as shares of exporters were sold. It happens after the dollar's drop against the yen in U.S. trading Wednesday. The speculative investors unwound hefty yen-bearish positions. A weaker dollar makes Japanese exports more expensive. It shrinks the value of overseas profits when converted back into yen. The yield on the 10-year Japanese government bond fell to 1.5100% from 1.5400% the day before. Its price rose up 0.26 to 99.91 points.

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