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US, China uncertainty could derail bull run

TOKYO -- Japanese stocks' four-year winning streak could end in 2016, with the conditions needed to sustain it -- continued U.S. recovery and a soft landing in China -- not at all sure bets.

     Improvement in the American economy was the main pillar supporting the stock market rally and the yen's weakness against the dollar in 2015. It continued even amid a slowdown in China and speculation about the Federal Reserve Board raising interest rates, helping to keep investor sentiment from sagging. The job market kept recovering in the fall and beyond, while households reaped the benefits of cheap crude oil.

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