Tokyo's Nikkei closes 2.5% lower as post-BoJ rally fizzles


A pedestrian passes a quotation board displaying the share price numbers of the Tokyo Stock Exchange in Tokyo on March 16, 2020. (Photo: AFP)

Tokyo stocks closed more than two percent lower on Monday as a sharp rally after the Bank of Japan announced emergency monetary policy measures quickly fizzled.

The benchmark Nikkei 225 index fell 2.46 percent, or 429.01 points, to 17,002.04 while the broader Topix index ended down 2.01 percent, or 25.36 points, at 1,236.34.