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Japan-Update

Tokyo investors weigh expected fruits of Japan-EU deal

Tariff removal prospects buoy auto, trader stocks, but earnings boost unclear

The Japan-EU trade pact lifted Subaru and other automobile stocks, but Japanese automakers may lack the European market share to maximize the deal's benefits.

TOKYO -- The breakthrough leaving Japan and the European Union set to agree Thursday on the outline of a trade pact lifted stocks here Wednesday, but skepticism persists as to how much the bilateral deal could benefit Japanese companies.

The Nikkei Stock Average closed above 20,000 for a 13th straight session Wednesday, rising 0.25% to 20,081. The index dipped below 19,900 temporarily but rallied on the news of the economic partnership agreement.

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