Nikkei edges down as exporters slip, eyes on yen
TOKYO, Nov 9 (Reuters) - Japan's Nikkei average edged down 0.5 percent on Monday, with Canon Inc (7751.T: Quote, Profile, Research) and other exporters hit by wariness about the U.S. economy after mixed jobs data as well as by a stronger yen. Nippon Telegraph and Telephone Corp (9432.T: Quote, Profile, Research) (NTT) slipped 1.6 percent after the Nikkei business daily said it will likely report an operating profit of about 630 billion yen ($7.01 billion) for the April-September first half, a drop of 15 percent from the same period last year. [ID:nBNG441244]
The benchmark Nikkei .N225 fell 42.71 points to 9,746.64, while the broader Topix .TOPX lost 0.7 percent to 868.04. (Reporting by Elaine Lies)
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GLOBAL RECOVERY
Global economy in holding pattern - IMF
The global economy is in a holding pattern and vulnerable to more upheaval, the head of the IMF said, adding a lasting recovery will depend on policymakers taking the proper steps in the coming months. Full Article
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