Tokyo stocks tumble by break after weak BoJ survey

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TOKYO: Tokyo stocks tumbled Friday morning as a key Bank of Japan (BoJ) survey showed confidence among major manufacturers dropped to a three-year low, while Panasonic plunged around 11 percent on a disappointing profit forecast.

The benchmark Nikkei 225 index at the Tokyo Stock Exchange fell 2.81 percent, or 470.92 points, to 16,287.75 by the lunch break, while the broader Topix index of all first-section shares was down 2.77 percent, or 37.33 points, at 1,309.87.