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Moscow’s military buildup around Ukraine’s border is stoking fears about its potential impact on the economy of import-reliant Japan amid speculation a Russian invasion may further exacerbate rising crude oil and commodity prices.

The Ukraine crisis has also brought uncertainties to Tokyo’s stock market, with some brokers expecting a Moscow-led offensive would send the benchmark 225-issue Nikkei stock average below the 26,000 mark from recent levels of around 27,000.

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