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Faith in Abenomics falters among investors: survey

Fewer investors see Tokyo stocks getting a boost from Abenomics, a survey has found.

SINGAPORE -- Nearly half of investors expect the Nikkei Stock Average to finish 2016 around where it is now, a survey released Wednesday shows, highlighting widespread disappointment in the economic policies of Prime Minister Shinzo Abe.

In all, 46% say the Nikkei average will end the year between 15,001 and 17,500. Only 5% say it will reach the 20,000 mark, a large drop-off from the 85% that had that outlook in the previous year's survey.

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