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Tokyo investors eye Fed meeting, Japan earnings next week

On Friday, Tokyo stocks fell 0.83 percent, ending a three-day winning streak that pushed the benchmark index above the 20,000 level for the first time in 15 years, despite a fresh record close for the Nasdaq on Wall StreetA US central bank meeting and Japanese earnings will be among the trading cues for investors next week after Tokyo’s benchmark index broke through the key 20,000 level in the past few days. Markets are keen to see what the Federal Reserve says about an interest rate hike after a mixed bag of data threw into question the strength of the world’s top economy. “It is going to be an eventful week and one of the key events is the FOMC (Federal Open Market Committee)” meeting, said Toshikazu Horiuchi, a broker at IwaiCosmo Securities. “The Bank of Japan will also hold a board meeting.

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