Nikkei dips on strong yen

Posted by 7Star Saturday, May 23, 2009

Japan's Nikkei average dipped 0.4 percent on Friday, with Canon and other exporters hurt by a stronger yen, but falls were limited by continued optimism that economic fundamentals are improving. Analysts said markets were not moved by the Bank of Japan's upgrading its assessment of the economy or a newspaper report about General Motors' possible bankruptcy filing, as these had largely been factored in.

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