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Tokyo shares closed 0.78 per cent lower on Tuesday following losses on Wall Street stoked by political and economic uncertainty in Europe and softer Chinese manufacturing figures.

The Nikkei 225 index at the Tokyo Stock Exchange fell 74.13 points to close at 9,468.04. The broader Topix index of all first-section issues slipped 0.69 per cent, or 5.60 points, to 803.94.

Japan has agreed to funnel billions of pounds into British infrastructure, including wind power, in a fillip for government efforts to attract more foreign investment into big strategic projects.

The deal with the state-backed Japanese Bank for International Cooperation came during a visit to Tokyo by David Cameron, prime minister, on the first day of an Asian tour aimed at promoting trade and investment ties between the UK and east Asia.

Tokyo stocks fell 0.71 percent on Wednesday following a weak performance on Wall Street, despite a surge from electronics maker Sharp on a capital deal with Taiwan’s Hon Hai.

The Nikkei 225 index at the Tokyo Stock Exchange, which rose 2.36 percent Tuesday to its highest point since Japan was devastated by a massive earthquake and tsunami in March last year, fell 72.58 points to 10,182.57.

As Japan’s government attempts to reshape the power industry following last year’s nuclear accident, the influence of the chairman of the utility Tokyo is trying to restructure shows how hard that task will be.

Tsunehisa Katsumata, chairman of Tokyo Electric Power Co., 9501.TO -1.38% is among the most powerful and well-connected businessmen in Japan. A former Tepco president, he essentially took control of the company last March, after dealing with the crisis at its Fukushima Daiichi nuclear plant proved too much for then-President Masataka Shimizu.

Tokyo stocks rose almost one percent to close Wednesday at their highest level in six-and-a-half months as exporters were boosted by a sliding yen. The Nikkei 225 index at the Tokyo Stock Exchange rose 0.96 percent or 90.98 points to 9,554.00, its strongest finish since August 4, while the Topix index of all first-section issues was up 1.12 percent, or 9.11 points, at 825.40.

Exporters were the main beneficiaries of the yen’s slide. The dollar strengthened to 80.04 yen from 79.69 yen in New York late Tuesday, breaking through the psychological 80.00 yen level against the Japanese unit.

Tokyo shares opened 0.30 per cent lower on Thursday after New York stocks sank amid worries over a Greek debt deal. The Nikkei 225 index at the Tokyo Stock Exchange, which closed at its highest point since August 5 on Wednesday thanks to a weaker yen, opened down 27.96 points at 9,232.38.

“The market may take a break after reaching the psychologically important 9,250 mark (on Wednesday),” said Daiwa Securities senior market analyst Yumi Nishimura.

Tokyo stocks rose 0.35 per cent Wednesday after a rally on Wall Street and despite continued speculation over plans to contain the eurozone debt crisis.

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All Nippon Airways Co., Asia’s second-largest carrier by sales, predicted a return to profit next fiscal year as the company cuts jobs and adds flights.

Stocks in Tokyo closed higher as the prospect of economic and exports recovery solidify. Japan’s corporate power demand surged 17.7% in February but department store sales declined 5.4%. Dai-ichi Mutual Life Insurance Co. is expected to price its $12 billion public offering this weekend.