Friday, November 16, 2007 5:17 pm | 
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Nikkei falls on strong yen, closes slightly above near-16-month low
Tokyo stocks fell sharply Friday for the second straight day on the yen’s rapid rise relative to other major currencies and weakness in Asian equities, with the key Nikkei index closing slightly above a near-16-month low.
[KYODO]
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While low-cost carriers have since long been successfully operating throughout the U.S., Europe, and southern Asia, Japan has seen very little of the low-price action.
