Japan Stocks Fall Fifth Day on Stronger Yen, Greek Rescue
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Japanese stocks fell, with the Nikkei 225 Stock Average capping its longest losing streak in nine weeks, after exporters declined on a stronger yen and amid concern Greece’s bailout will be delayed.
Brother Industries Ltd., an office-equipment maker that counts Europe as its biggest market, lost 2.5 percent. Sumitomo Rubber Industries Ltd. sank 6.7 percent after the tiremaker lowered its sales outlook. Nexon Co. plunged 16 percent after the online-gaming company trimmed its forecast and was cut to underperform from buy at CLSA.