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Nikkei extends losses after Abe says US-Japan trade pact still not finalised

Published on Apr 24, 2014 12:42 PM

TOKYO (Reuters) - Tokyo stocks slipped to one-week lows on Thursday, extending losses into the afternoon session as Japanese Prime Minister Shinzo Abe said that a trade pact with the United States hasn't been finalised yet.

Abe's comments came after a meeting with United States President Barack Obama who is on a state visit to Japan.

Some investors had been hoping that a two-way trade deal, seen as crucial to a broader trans-Pacific agreement, could be reached at the meeting.

The Nikkei share average fell 1.2 per cent to 14,367.13 at one point, its lowest level since Thursday last week.

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