Jun
04

Japan Stocks Join Global Retreat as Greece Defers IMF Payment

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Japanese stocks fell, joining a global retreat, after Greece became the first country to defer a payment to the International Monetary Fund since the 1980s as its game of brinkmanship with creditors goes down to the wire.

Nissha Printing Co., a touch-panel maker that relies on Europe for more than half of its sales, dropped 2.4 percent. Toyota Motor Corp. fell 1 percent to be the second-biggest drag on the Topix index on a report it may struggle to reach 2015 sales targets. Takata Corp. lost 1.7 percent as Honda Motor Co. expanded its recall of Takata’s defective auto air bags, while a person familiar with the matter said some of the replacement air bags were defective

Japan Stocks Join Global Retreat as Greece Defers IMF Payment

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