Thursday, January 17, 2008 5:37 pm | 
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Nikkei falls further 3% as U.S. outlook darkens
Tokyo stocks closed sharply lower Wednesday as the rapid appreciation of the yen, signs of worsening fallout from the U.S. subprime-mortgage meltdown, and the perception that the government is unconcerned about the slide shook the market’s confidence.
[THE JAPAN TIMES]
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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.
