Japanese stocks trimmed their losses as the yen resumed sliding, easing investor concerns about exporters, though worries about the health of the US economy weighed on the market.
The Nikkei 225 Stock Average was down 0.5% at market close in Tokyo, after declining as much as 3% earlier in the session. The broader Topix dropped 0.7% after falling 2.9% earlier. The yen weakened 0.5% to around 143 per dollar after data showed Japan’s economy expanded in the second quarter at a slightly slower pace than the government’s initial estimate, shedding some of the currency’s sharp gains last Friday.
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