Bloomberg News

Goldman Sachs Cuts Topix Forecast 8.4% on Slowing Global Growth

October 05, 2011

Oct. 5 (Bloomberg) -- Goldman Sachs Group Inc. cut its 12- month target for Japan’s Topix index by 8.4% to 870 from 950 after lowering the outlook for world growth, according to a report dated yesterday.

The Topix dropped 1.2 percent to 727.67 as of 2:37 p.m. in Tokyo.

--Editors: Jason Clenfield, John McCluskey.

Contact the reporter on this story: Yoshiaki Nohara in Tokyo at

To contact the editor responsible for this story: John McCluskey at

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