Japan Stocks Retreat Amid Mixed Signals on Spain Bailout
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Japanese stocks fell a fourth day, with the Nikkei 225 Stock Average capping the longest-losing streak in a month, as the global slowdown weighs on earnings at companies from Nippon Paper Group Inc. to retailer Uny Co.
Nippon Paper paced declines among makers of cardboard and pulp products on a report it may miss a profit forecast. Uny plunged 11 percent after the operator of department stores predicted earnings that lagged analyst estimates. Daiichi Sankyo Co. lost 5.4 percent dropped after halting development of a lung-cancer treatment. Japan Petroleum Exploration Co. climbed 5.3 percent on a report it succeeded in trial extraction of shale oil in the country.