• Kyodo

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Japan is carefully monitoring how the reported weekend death of North Korean leader Kim Jong Il will affect the economy and financial markets, Finance Minister Jun Azumi said Monday.

“We will closely watch what impact there will be,” Azumi told reporters as the benchmark Nikkei stock index briefly lost more than 100 points on the reports, while the yen slipped to the 78 level at one point against the dollar as investors apparently sought refuge in the dollar amid the uncertainty.

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