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Asia Markets: Japan’s Nikkei leads heavy losses in Asia stocks as global woes mount

Japanese stocks led a broad retreat across Asia early Thursday, highlighted by falls in electronics and auto stocks, following U.S. stock selloffs overnight as concerns grow about the strength of the U.S. economy and corporate earnings.

Continuing uncertainty over global trade and the Middle Eastern situation are also weighing. The Nikkei NIK, -3.25% is down 3.4%.

While concerns are growing that the Bank of Japan’s prolonged easing may be causing financial overheating, BOJ Deputy Gov. Masazumi Wakatabe says it is still debatable whether the central bank should tighten monetary policy as a pre-emptive measure against rises in asset prices.

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