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Political 'nightmare' haunts Tokyo stocks

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Paul Krugman, left, discusses economic policy with Japanese Prime Minister Shinzo Abe, right, and other officials on March 22.   © Kyodo

TOKYO -- The Japanese stock market started the calendar year with a steep downtrend. It has begun the new fiscal year in similar fashion, with investors wondering how Prime Minister Shinzo Abe will handle some big challenges.

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