Pursuits
Japan Stocks Fall as Yen Holds Gains Amid Mixed Profit Reports
- Toshiba slides as reports question how company booked losses
- Nissin Foods surges as noodle maker lifts profit forecast
Japan's Top Three Banks Expected to See Profit Drop
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Japanese stocks trimmed a fourth week of gains as shares in Tokyo joined a global selloff and investors dissected earnings at industrial robot manufacturers and instant noodle makers.
Mitsubishi UFJ Financial Group Inc. surged as much as 3.1 percent in the final hour of trading after the Nikkei newspaper reported the bank will buy back about 100 billion yen ($815 million) of its own shares.