Japan Stocks Fall As Spain Struggles To Fund Bank Bailout

Japanese stocks fell, with the Nikkei 225 Stock Average snapping a three-day rally, amid concern Europe’s debt crisis is worsening as Spain struggles to avoid tapping markets to rescue its third-biggest lender.

Kyocera Corp. (6971), an electronics maker that gets almost 20 percent of its sales in Europe, slid 1.7 percent. Nomura Holdings Inc. (8604) fell 1.2 percent on a report the country’s financial watchdog will recommend penalties for the brokerage’s suspected involvement in insider-trading cases. Panasonic Corp. (6752) gained 1.2 percent on a report the electronics maker will cut its headquarters staff by half.

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