"It's becoming increasingly obvious that the European situation will take a long time to solve"
- Diane Lin, a fund manager with Sydney-based fund Pengana Capital Ltd.
Japanese stocks retreated on Tuesday.
The Nikkei 225 Stock Average declined 0.24 per cent, or 20.23 points, to 8,488.09. The broader Topix Index slid 0.41 per cent, or 2.95, to 717.67.
"It's becoming increasingly obvious that the European situation will take a long time to solve," said Diane Lin, a fund manager with Sydney-based fund Pengana Capital Ltd.
"Europe is a large economy in the world and it will have a serious impact on the export sector across the region."
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