Nikkei 225 index drops 0.3% on Friday

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Source: Dukascopy Bank
Japan's Nikkei Stock Average slightly declined on Friday as investors gathered news from US. Losses were limited as depreciating Yen provided support for most exporters. Nikkei 225 index slipped 0.28% or 27.02 points and closed at 9,561.36. Olympus rallied 6.4% after the camera producer's shareholders elected new management led by ex-banker Yasuyuki Kimoto. JFE Holdings tumbled 3.3% despite reporting it switched to profitability in the 1st quarter. JFE announced it will spend JPY 1 trillion (USD 12.3 billion) over next three years to enlarge foreign facilities and modernize domestic plants. 

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