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Tokyo stocks flat at break

Tokyo - Tokyo stocks were flat on Friday morning as profit-taking offset the effects of a weaker yen after the Nikkei stormed to an almost six-year high the previous day.

The benchmark index slipped 0.07%, or 10.61 points, to 15 716.51 by the break, while the Topix index of all first-section shares edged down 0.08%, or 1.04 points, to 1,260.00.

Dealers said the dollar's rise against the yen helped temper losses Friday morning with the greenback buying 102.52 yen, compared with 102.24 yen on Thursday afternoon.

"The dollar's upward creep will forestall some players from taking profits," Tachibana Securities market analyst Kenichi Hirano told Dow Jones Newswires.

In share trading, Panasonic slipped 1.66% to 1,180 yen after a 15% rally in the past week.

Just before the market opened, the government released data showing inflation rising at its fastest pace since August 1998.

However, investors largely ignored the figures, which were in line with expectations.

European stock markets rose on Thursday but Wall Street was closed for the US Thanksgiving holiday.


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