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Nikkei tumbles 3.2pc on Japanese recovery jitters
The Nikkei fell 3.2pc on Monday on a combination of concerns for Japanese investors, including minutes from a central bank meeting that showed high-level scepticism around the country’s plan to escape deflation. Toyota lost 5pc on Monday and Softbank, the Japanese mobile operator that is trying to by American carrier Sprint, sank 4.1pc. Sony dropped 6.3pc. It follows a 7pc tumble for the Nikkei on Thursday caused by weak Chinese economic data and suggestions the US Federal Reserve would end its programme of quantitative easing and damage Japan’s fragile recovery. Minutes from the Bank of Japan’s 26 April ... (full story)