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Latest Business News

Japanese Stocks Edge Higher, Dollar Lower

Friday, February 24, 2006 6:19:31 AM

TOKYO (AP) - Japanese stocks edged up slightly Friday as gains in steel and retail stocks offset declines in autos and electronics issues. The dollar continued its slide against the yen.

The Nikkei 225 index gained 5.81 points, or 0.04 percent, to finish at 16,101.91 points on the Tokyo Stock Exchange. The index jumped 2 percent Thursday.

Investors were wary of aggressively buying stocks after the previous day's gains due to a lack of fresh leads even though the outlook for Japan's economy remains positive, traders said.


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