Japan News
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The yen weakened against all its major counterparts as stocks rose and investors speculated that the Bank of Japan will expand monetary stimulus next week.
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The bond market is signaling concern that Japanese lawmakers struggling to pass legislation to fund the budget will founder in their efforts to cut the world’s largest debt.
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Sharp Corp., Japan’s biggest maker of liquid-crystal displays, fell the most in two weeks in Tokyo trading after the Nikkei newspaper said the company may post a 400 billion-yen ($5 billion) loss for the first half.
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Nintendo Co., the world’s largest maker of video-game machines, fell to the lowest level in a month in Osaka trading after cutting its profit forecast because of lower demand for its handheld players and a strong yen.