TOKYO (AP) _ Tokyo stocks closed at their lowest point in almost two years on Wednesday. The dollar rose against the yen.

The benchmark 225-issue Nikkei Stock Average fell 107.15 points, or 0.74 percent, to close at 14,301.31 points on the Tokyo Stock Exchange. On Tuesday, the average closed down 123.19 points, or 0.85 percent, at 14,408.46.

The last time the Nikkei closed that low was March 4, 1999, when it closed at 14,183.45.

The dollar bought 110.02 yen at 5 p.m. (3 a.m. EST), up 0.14 yen from late Tuesday in Tokyo but lower than its late New York level of 110.16 yen overnight.

The Nikkei index fell for the fifth straight session with many investors concerned about the fate of unpopular Prime Minister Yoshiro Mori's government.

Trading was light ahead of a national holiday Thursday, when financial markets are closed.

In New York, the Dow Jones industrial average fell 31.85 points to 10,494.50 at Tuesday's close. The Nasdaq composite index closed at 2,871.45, down 4.19.

The broader Tokyo Stock Price Index of all issues listed on the first section fell 11.35 points, or 0.84 percent, to close at 1,346.58. The TOPIX closed down 13.03 points, or 0.95 percent, the day before.

An estimated 526.33 million shares were traded on the first section, down from 598.58 million shares Tuesday.

Also on the first section, 688 issue closed higher, with 587 lower and 135 issues unchanged.

The euro was traded at 93.04 yen, down from 93.74 yen late Tuesday in Tokyo.

The yield on the benchmark 10-year Japanese government bond fell to 1.7100 percent from Tuesday's finish of 1.7200 percent. Its price rose 0.08 point to 100.76.