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BOJ head cites need to address debt woes

BOJ head cites need to address debt woes

TOKYO, Japan - Bank of Japan Governor Masaaki Shirakawa speaks at the Foreign Correspondents' Club of Japan in Tokyo on Feb. 7, 2011. Shirakawa cited the importance of making efforts to restore the nation's fiscal health to keep long-term interest rates stable at low levels, while refraining from specifically commenting on the latest downgrade of Japan's sovereign debt rating by Standard & Poor's.

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Tokyo stocks open sharply lower on European credit downgrade

Tokyo stocks open sharply lower on European credit downgrade

TOKYO, Japan - A man passes an electric stock board at a securities house in Tokyo's Marunouchi business district showing the benchmark Nikkei stock index at the Tokyo Stock Exchange drop more than 300 points. Tokyo stocks opened sharply lower after U.S. and European stocks tumbled following Standard & Poor's downgrades of credit ratings of debt-ridden Greece and Portugal.

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