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Japan stocks pull back as yen moves higher
2014-11-10 03:50:00| Telecom - Topix.net
The broader Topix lost 0.6%, with the greenback buing A 114.30 after spending Friday's Tokyo trade around the mid A 115 level. Decliners included Olympus Corp. took a 5.5% loss in early transactions, after the telecom major warned of a 10% drop to fiscal-year net profit rather than the small increase it had predicted previously, with a Nikkei news report saying the weaker outlook was due to a new rate plan at its wireless subsidiary NTT DoCoMo Inc. Sendai nuclear plant failed to help the utility's shares much, as the move was long expected.
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Category:Telecommunications