Nikkei 225 Declines as Yen Climbs Amid U.S. Budget Talks
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Japan’s Nikkei 225 Stock Average fell from its highest level since March as the yen strengthened amid concern U.S. budget talks are stalling. The Bank of Japan is scheduled to conclude a policy meeting today.
Canon Inc., which gets 27 percent of its revenue from the Americas, lost 3 percent. Capcom Co. plunged 9.4 percent after the gamemaker cut its profit forecast and delayed the release of a new game. Mitsubishi Motors Corp. sank 6.6 percent after the transport ministry issued a warning to the automaker for being “passive” after a fourth round of recalls.