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Tokyo: Stocks open sharply lower on yen, Wall St rout

Japanese business confidence was flat in the last quarter of the year, a central bank survey showed Monday, despite signs of a pickup in the world's number three economy.

[TOKYO] Tokyo stocks opened sharply lower on a stronger yen Monday, following last week's losses on Wall Street after crude prices tumbled to another seven-year low.

The benchmark Nikkei 225 index at the Tokyo Stock Exchange fell 2.56 per cent, or 492.89 points, to 18,737.59 in volatile early trade, while the broader Topix index of all first-section shares lost 2.34 per cent, or 36.20 points, to 1,513.31.