Tokyo stocks close down 1.27%

Tokyo stocks closed down 1.27 percent Wednesday as the yen rose on concerns about uncertainty in Italy, while Federal Reserve chief Ben Bernanke said the bank would stick to its loose monetary policy.

The benchmark Nikkei 225 index slipped 144.84 points to 11,253.97, while the Topix index of all first-section shares was off 1.35 percent, or 13.05 points, at 953.72.