Around the World's Markets: Tokyo

THE JAPANESE market slipped as traders took profits on export stocks, amid fears the yen had fallen as far as it could. The Nikkei 225 fell 0.25 per cent to close at 13,770.44, down 34.62 points.

Car manufacturers, including Toyota and Nissan, weakened amid concern that the yen would bounce back from yesterday's level of 114.75 to the dollar, hindering their ability to export.

Sentiment was also affected by a fall in bond prices that pushed up yields by 13 basis points, raising the cost of borrowing.