Japanese stock market slumps and yen rises after Shinzo Abe resignation report – business live


Rolling live coverage of business, economics and financial markets as analysts contemplate potential successor to ‘Abenomics’ policy

7.46am BST

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Related: Japan PM Shinzo Abe set to announce resignation amid health concerns – report

#Japan stocks sink on report Shinzo Abe plans to resign. The Nikkei 225 fell as much as 2.7% while the Topix index dropped as much as 1.6%. (BBG) pic.twitter.com/VpJ57euFCX

A person familiar with the matter said Abe, the nation’s longest serving premier, had decided to step down.

Public broadcaster NHK earlier said Abe, who has battled the disease ulcerative colitis for years, wanted to avoid causing problems for the government due to the worsening of his condition

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