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"There isn't an easy solution to Europe's problems"
- Kiyoshi Ishigane, a senior strategist at Mitsubishi UFJ Asset Management Co.
Japanese stocks fell on concern the European debt crisis is escalating as Prime Minister Lucas Papademos said Greece is at "risk of a disorderly default". The Nikkei 225 declined 0.83%, or 71.40 points, to 8,488.71, while the broader Topix decreased 0.90%, or 6.71, to 736.28.
"It reminds investors that there isn't an easy solution to Europe's problems," said Kiyoshi Ishigane, a senior strategist in Tokyo at Mitsubishi UFJ Asset Management Co. which oversees the equivalent of $84 billion. "Euro weakness is having impact on the market today."
Japan's Cabinet Office is to announce month on month change in core machinery orders on December 10. Orders dropped 6.9 percent in November, after declining 8.2 percent in October.