TOKYO stocks have closed down 0.98 per cent after the Bank of Japan (BoJ) announced fresh easing measures while chopping its growth outlook for Japan's economy.
The benchmark Nikkei 225 index at the Tokyo Stock Exchange on Tuesday fell 87.36 points to close at 8,841.98, its lowest finish in about two weeks, while the broader Topix index of all first-section shares lost 0.92 per cent, or 6.84 points, to 733.46.
Following its meeting earlier on Tuesday, Japan's central bank announced Y11 trillion ($A134.14 billion) in additional monetary easing as a string of new data underscore slowing in the world's third-largest economy.
The BoJ said it would expand an asset-purchase program - its main policy tool - to Y91 trillion while keeping rates unchanged at zero to 0.1 per cent.
It follows a similar announcement last month.
The central bank also slashed its growth forecast in the fiscal year to March, saying the nation's economy would expand just 1.5 per cent, well off an earlier 2.2 per cent forecast, underlining the effect of the global slowdown and strong yen, which hurts exporters.
On currency markets, the dollar fell to Y79.50 after the BoJ announcement from Y79.90 before. Easing would tend to weaken the Japanese currency but analysts said the measures had largely been priced in.
"Any way you slice it, 10 trillion yen worth of buying in September, and now 11 trillion this month adds up to a great deal of easing," said CLSA equity strategist Nicholas Smith.
The BoJ move came as official data on Tuesday showed factory output came in weaker than expected for September, declining 4.1 per cent on-month, while Japan recently posted its worst September trade figures in more than 30 years, as a territorial dispute with China hit exports.
In Tokyo trade, shares in Sharp Corp jumped 6.17 per cent to Y172 on a report that the embattled Japanese electronics maker is in talks with US tech giants Apple, Google and Microsoft on forming business and capital tie-ups.
Nomura Holdings rose 1.41 per cent to Y287 after Japan's top brokerage said on Monday it eked out a $US35 million ($A34.03 million) net profit in the July-September quarter.
Honda Motor fell 2.75 per cent to Y2,333 after diving 4.65 per cent on Monday as the Accord and Civic maker cut its full-year profit outlook.
Troubled chipmaker Renesas Electronics was down 2.64 per cent at Y295 after posting a $1.18 billion loss in its fiscal second quarter.
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