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March 26, 2017

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Business > Asia > Japan
The dollar broadly weakened Tuesday as traders awaited a speech by Federal Reserve chief Janet Yellen, which they hope will offer fresh clues about U.S. monetary policy.
 
Japan's economy stalled in the April-June quarter, data showed Monday, missing market forecasts and rekindling worries about the government's faltering bid to stoke a recovery.
 
The yen weakened Monday as disappointing Japanese second-quarter GDP data boosted speculation that the country's central bank will have to unleash more stimulus to counter a downturn.
 
Tokyo's benchmark index, the Nikkei, closed at its highest level in more than two months Friday after Wall Street powered to fresh records and a weaker yen boosted sentiment.
 
The yen held its gains Wednesday after markets were left underwhelmed by Japan's bid to stimulate the sluggish economy, sparking demand for safer assets.
 
Apple buys from 865 Japanese firms
Apple Inc. did around 3.6 trillion yen worth of business with 865 Japanese suppliers for parts and other items in 2015, according to figures released by Apple on Tuesday.
 
Investors deflated on 'disappointing' BOJ stimulus plan tweaks
The Bank of Japan deflated investor spirits Friday with underwhelming tweaks to its giant stimulus plan that fanned worries its monetary policy arsenal is almost empty.
 
The yen soared Friday as the Bank of Japan's small adjustments to its stimulus program disappointed traders who had expected a huge boost to its arsenal.
 
Japan's government Wednesday announced a stimulus package worth more than 28 trillion yen (US$266 billion) in its latest attempt to fire up the lukewarm economy, with the central bank expected to unveil its own measures this week.
 
The yen fell sharply Wednesday in response to a report that Japan's government will unveil a massive 27 trillion yen stimulus package to boost the stumbling economy.
 
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