Cybersecurity
Japanese Shares Drop Led by Exporters as Yen Strengthens
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Japanese stocks fell, with the Topix Index extending the biggest weekly drop since August 2011, as the yen rose a third day after Bank of Japan Governor Haruhiko Kuroda said the country could withstand higher interest rates.
All but 15 companies fell on the Nikkei 225 Stock Average, with Toyota Motor Corp., Sony Corp. and Panasonic Corp. losing more than 4 percent. Softbank Corp. dropped 4.1 percent after U.S. Senator Charles Schumer said the carrier’s $20.1 billion bid for Sprint Nextel Corp. raises national security concerns. Nipro Corp. surged 19 percent after an initial public offering was announced for ReproCell Inc., a biotech company part-owned by the maker of medical products.