Japan Shares Fall After Yen Gains as IMF Cuts GDP Outlook
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Japanese shares fell for a second day, with the Topix index closing at the lowest level in seven weeks, after the yen gained amid demand for haven assets as the International Monetary Fund cut its outlook for global growth.
Inpex Corp. declined 2.5 percent, leading a gauge of commodity producers to the steepest retreat among 33 industry groups on the Topix. Toyota Motor Corp., which gets three-quarters of its car sales outside Japan, sank 1.8 percent. Toho Co. surged 4 percent after the movie distributor raised its profit forecast.