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ASIA ECONOMICS: Japan Stocks Post 1st Annual Decline in 7 Years

The Nikkei 225 lost 12.1% in 2018, its first yearly decline since 2011 amid growing concerns about the global economic slowdown and the U.S.-China trade dispute, said Trading Economics. On Friday only, the index ended down 0.3% at 20,015 led by pharmaceutical, retail, and oil and coal product shares, after the Bank of Japan released its summary of opinions, where it noted that uncertainty over the global economic outlook is heightening and the recent fall in oil prices could further delay achievement of the 2% inflation target. Data showing a fall in industrial output and retail sales in November also weighed. The Nikkei started the year above 23,000 and hit a 27-year high in October.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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