Asia News
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Japanese stock futures fell on speculation a U.S. congressional committee will struggle to reach an agreement on deficit-cutting measures and on concern that Europe’s debt crisis will linger, damping investor appetite for riskier assets. Australian stocks declined.
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Japan’s exports fell for the first time in three months, indicating that the yen’s appreciation and financial turmoil in Europe are slowing the nation’s recovery from the March disaster.
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Olympus Corp. executives including the current head of investor relations signed off on misleading accounts, restated earnings and delayed regulatory filings to help conceal $687 million in fake costs used to hide losses.
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Billionaire investor Warren Buffett’s trip to a Japanese plant today may “shine a light” on investment opportunities in a nation hampered by the March earthquake and the global market rout.