The Nikkei Average started the afternoon session down 909 points, with issues including Micronics and KOKUSAI declining.
The Nikkei Average fell sharply at the start of the afternoon session compared with the morning session, and individual stocks remained weak. Issues such as Micronics and KOKUSAI were cited as factors behind the decline. A sense of confusion has spread across the market after daybreak.
Across the market, declines in major indices have continued, with the Nikkei Average reportedly trading at around ¥63,154.19. The performance of the US market and currency movements may also have had an impact.