Japan News

Olympus Corp. Chairman and President Tsuyoshi Kikukawa quit after allegations over acquisitions wiped out more than half the company’s market value in two weeks and as the chief executive officer he fired prepares to meet U.S. criminal investigators.

The euro fell versus the dollar and yen after reports that talks on bondholder losses of Greek debt were deadlocked added to concern efforts to remedy the European crisis are stalling.

Japanese investors are increasing holdings of foreign securities at the slowest pace in four years while overseas money managers are scooping up yen-denominated assets, contributing to gains in the currency.