Japan stocks fall as exporters hit by strong yen

Wed Feb 27, 2008 9:10pm EST
 
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(Updates to midsession)

TOKYO, Feb 28 (Reuters) - Japanese stocks slid more than 1 percent on Thursday, dragged down by weaker-than-expected industrial output figures and a strong yen that hit Honda Motor Corp (7267.T) and other exporters. Industrial output slid 2.0 percent in January from a month earlier, government data showed, more than twice the median market forecast of a 0.8 percent decline. [nT340955] The benchmark Nikkei average .N225 was down 1.48 percent or 208.06 points at 13,823.24 by midsession. The broader TOPIX index lost 1.5 percent to 1,343.47. (Reporting by Elaine Lies)

 

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