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Nikkei expected to post first annual decline in seven years

Abenomics loses power to drive market

The Nikkei Stock Average has sagged more than 11% since the end of last year, heading for its first yearly decline in seven years. 

TOKYO -- Tokyo's Nikkei Stock Average is set to record its first annual decline in seven years, say fund managers and strategists, after the index closed down more than 11% on Friday, compared to the end of last year.

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