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Asia Markets: Japan’s Nikkei leads decliners as most Asian markets fall

Japanese stocks were the poorest performer in a mixed Asian stock trading session Monday as the U.S. dollar’s pullback and renewed trade worries hung over the market.

Japan’s Nikkei NIK, -1.33% closed down 1.3% as a stronger yen hurt exporters. The yen USDJPY, -0.24% started rallying on Friday and got a fresh boost Monday morning following weekend reports from Reuters about potential policy tweaks being discussed at the Bank of Japan. But such chatter has surfaced previously, and nothing has yet come to pass.

Japan’s 10-year government bond yields jumped to as high as 0.087% Monday morning, from 0.036% in the previous session—the largest one-day move in almost two years.

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