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Topix Falls to Lowest in Month as Yen Gains Before Fed

Japan’s Topix index closed at its lowest in a month as investors awaited a two-day Federal Reserve policy meeting starting tomorrow and the yen advanced for a second day against the dollar.

Honda Motor Co., which gets about 80 percent of revenue outside Japan, dropped 2.8 percent. A gauge tracking consumer-finance companies fell the most among the 33 Topix industry groups. Office-equipment provider Askul Corp. tumbled 6.7 percent after profit dropped 70 percent. Tokyo Electric Power Co. rose 1 percent on a report the government plans to double interest-free loans to the utility.