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"A strong yen is weighing on Japan's stocks, especially export-related shares"
- Takeru Ogihara, chief strategist at Mizuho Trust & Banking Co.
Japanese stocks dropped on Thursday, snapping two days of gains, as German economic data and weaker exporters added to worries the global economy is under strain.
The Nikkei 225 lost 0.74%, or 62.29 points, to 8,385.59, while the broader Topix shed 0.86%, or 6.32, to 727.15.
"Europe's economy probably contracted last quarter and will keep shrinking this quarter," said Takeru Ogihara, chief strategist in Tokyo at Mizuho Trust & Banking Co., a unit of Japan's third-largest bank by market value.
"A strong yen is weighing on Japan's stocks, especially export-related shares."