Nikkei slips 2 percent, worry about policy bites

TOKYO, Aug 20 (BestGrowthStock) – Japan’s Nikkei average fell 2
percent on Friday, hit by weak U.S. economic data that sent the
dollar slipping back towards a 15-year low, as well as worries
about what, if any, steps the Japanese government might take to
stem the recent yen rise.

Markets are rife with speculation that the Bank of Japan, in
an attempt to pre-empt government pressure for action, may
loosen its already-easy monetary policy at an emergency meeting
before or shortly after a meeting expected on Monday, between
Governor Masaaki Shirakawa and Prime Minister Naoto Kan.
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The benchmark Nikkei (.N225: ) lost 183.30 points to 9,179.38,
while the broader Topix (.TOPX: ) shed 1.7 percent to 829.59.
(Reporting by Elaine Lies; Editing by Joseph Radford)

Nikkei slips 2 percent, worry about policy bites