Japanese stocks end lower after Kuroda's remarks on the expansion of stimulus

Japanese shares ended trading on Friday last week's sessions lower but it achieved the second weekly gain in a row, stocks fell for the second session during the last three sessions due to receding expectations of additional monetary stimulus after Kuroda's remarks, BOJ governor.

The Nikkei average closed lower of about 182.97 points or 1.09 percent to 16,627.25 points, but it achieved a weekly rise of 0.8 percent and the wider TOPIX index fell 11.88 points or 0.89 percent to 1,327.51 points.

The yen traded around 106 against the US dollar, after rising yesterday by one percent, the biggest one-day gain in three weeks after Kuroda's remarks, BOJ governor.

Haruhiko Kuroda, Japan's central bank governor said in an interview with the BBC British radio he did not see that his country needs to develop new measures involving the central bank financing the government spending directly "helicopter money".

Futures for the S & P 500 fell 0.1 percent, and the index closed yesterday's trading on Wall Street, down by 0.4 percent, the biggest daily loss in two weeks within the corrections and profit taking After posting in the previous session, its highest level ever.