Tokyo Nikkei retreats as Nissan lowers profit forecast

<p>The Tokyo Nikkei 225 has retreated as Nissan lowers its profit forecast.</p>

The Tokyo Nikkei 225 benchmark closed lower today (November 6th) following news Nissan has slashed its full-year profit forecast by 20 per cent.

This is due to the manufacturer's sales taking a nosedive as anti-Japanese sentiment continues to damage businesses in the world's second-largest economy.

Both countries have been at loggerheads over a clutch of islands in the East China Sea, disputing against each other and Taiwan over which nation they belong to.

Nissan's car sales dropped by 35 per cent in China in September.

It now expects a net profit of 320 billion yen (£2.5 billion) for the year ending March 2013, which is down from an earlier estimate of 400 billion yen.

At close of play today, the Nikkei 225 in Tokyo was lower by 0.3 per cent to an index value of 89751 points, while the Shanghai SSE Composite shed 0.3 per cent to 2106.00 points.

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