Pursuits
Japanese Stocks Little Changed Ahead of Federal Reserve Minutes
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Japan’s Topix index closed little changed as investors waited for further clues from the Federal Reserve on the timing for a U.S. interest-rate increase.
Kawasaki Kisen Kaisha Ltd. gained 1.7 percent after the price of shipping commodities advanced. Sawai Pharmaceutical Co. added 2.2 percent after Iwai Cosmo Securities Co. initiated coverage on the company with an outperform rating. Oil refiner JX Holdings Inc. slid 3.6 percent as crude prices declined and after Nomura Holdings Inc. cut its rating on the stock. Don Quijote Holdings Co. dropped 1.7 percent after forecasting net income below analyst estimates.