TOKYO:TOKYO stocks slipped 0.69 percent in the morning of the first trading day of the year following a weak batch of US data and as oil prices hit new multi year lows.
The Nikkei 225 index at the Tokyo Stock Exchange which gained more than seven percent in 2014 fell 119.99 points to 17,330.78 by the break on Monday.
While the Topix index off all first section shares shed 0.72 percent or 10.09 points,to sit at 1,397.42.
Oil prices slumped to five and a half year lows on Friday on signs of weak manufacturing output in Europe,while the euro fell to a near nine year low against the dollar after European Central bank chief Mario hinted again at further stimulus.
Draghi said in an interview published in the German Business daily Handelsblatt last week that the deflation remains a threat and that the ECB needs to be prepared to counter it.
In Monday forex trade the Euro briefly snake to $1.1865 the lowest price sine March 2006,before recovering to $1.1963 against $1.2002 in New york Friday afternoon.
The dollar slipped to 120.39 yen from 120.46 yen in New York.
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