The Nikkei stock average fell 0.8 percent on Wednesday, with Canon Inc and other exporters hit by a stronger yen while bank shares slid after a brokerage downgraded two of Japan's biggest banks. J.P. Morgan cut its ratings on Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group to "neutral" from "overweight" and lowered its sector stance to "slightly bearish" from "neutral".
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