Japan News
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Japan’s housing market will weather a consumption levy increase because of a tax break on home purchases, according to Mizuho Securities Co. and Morgan Stanley MUFG Securities Co.
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The Bank of Japan will wait at least until the second quarter of 2014 before deciding whether to add more stimulus, as it gauges the impact of an April sales-tax increase, said Atsushi Mizuno, a former BOJ board member.
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The dollar slid to the weakest level in eight months versus the euro as the U.S. government’s partial shutdown added to concern economic growth will slow and prompt the Federal Reserve to delay reducing monetary stimulus.
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Contaminated water overflowed from a storage tank at the Fukushima station as heavy rains compounded Tokyo Electric Power Co.’s difficulties managing irradiated water at the wrecked atomic plant.
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