Tokyo - Japan markets continued their losing streak Thursday, plummeting to a five-year low following Wall Street's overnight losses and a stronger yen dimming export prospects.
The Nikkei 225 Stock Average tumbled 478.95 points, or 5.52 per cent, to 8,195.74. The key index lost more than 7 per cent at one point during morning trading to hit the lowest intraday level since late May 2003.
The broader Topix index of all first-section issues also fell 42.91 points, or 4.83 per cent, to 846.32.