TOKYO, March 16 (Xinhua) -- Tokyo stocks retreated from the bell Thursday as the yen's advance against the U.S. dollar after the meeting of the U.S. Federal Reserve saw exporter issues negatively impacted.
As markets opened here, the 225-issue Nikkei Stock Average dropped 72.06 points, or 0.37 percent, from Wednesday to 19,505.32.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, fell 5.49 points, or 0.35 percent, to 1,565.82.
The yen rose to a two-week high of 113.17 against the U.S. dollar in New York overnight after the U.S. Federal Reserve lifted the target range for the federal funds rate by 0.25 percentage point to 0.75 percent to 1 percent and kept its forecast that there would be three rate increases this year in total.
Notable issues that lost ground in early play comprised insurance, bank and food-linked stocks.