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Nikkei turns down as market wary ahead of Fed outcome; Sony gains

TOKYO (Reuters) - Japan's Nikkei average reversed early gains on Tuesday, underscoring the volatility that has roiled the market lately, as investors awaited the outcome of a Federal Reserve meeting for clues on whether it will continue to support the U.S. economy. Full story

Japan says G8 stance is sign of approval for "Abenomics"

TOKYO (Reuters) - Japanese cabinet ministers welcomed the Group of Eight summit's stance on Tokyo's sweeping stimulus policies as a vote of confidence in the government's strategy to end 15 years of entrenched deflation and revive a lackluster economy. Full story

Sprint sues Dish, Clearwire as key deadline looms

(Reuters) - Sprint Nextel Corp on Monday said it has sued Dish Network Corp to block its tender offer for Clearwire Corp, on the eve of a key deadline in a takeover battle that also includes Japanese mobile carrier SoftBank Corp. Full story

Third Point raises Sony stake, presses for entertainment spin-off

TOKYO (Reuters) - New York-based hedge fund company Third Point said it had raised its stake in Japan's Sony Corp and asked for an opportunity to present its proposal to Sony's board for a partial spin-off of the company's entertainment unit. Full story

Japan's Amari chides nations for raising concerns on currencies

TOKYO (Reuters) - Japanese Economics Minister Akira Amari said on Tuesday that many countries that worry about other nations deliberately weakening their currencies to boost exports have used the same approach to drive their own exports. Full story

G8 urges Europe to move on bank reform, Japan to fix budget

ENNISKILLEN, Northern Ireland (Reuters) - The euro zone came under pressure from other rich economies on Monday to press on with a banking union and Japan was urged to follow up on massive central bank stimulus with structural reforms and measures to tackle its budget deficit. Full story

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Video

  Cashin: Japan Is Playing a 'Dangerous Game'

Monetary policy in Japan could trump news from the Fed this week, and the kind of inflation the Bank of Japan is creating - with little or no velocity - is a "dangerous game", said Art Cashin, UBS Financial Services director of floor operations.

  Santelli: Has Abe's Arrow Missed Its Target

CNBC's Rick Santelli and Tobias Harris, Observing Japan author, discusses whether Japan will be able to grow its economy and get its fiscal house in order.

  Mini-electric car hits the road in Japan

An ultra-compact electric vehicle that can run for 62 miles on one charge is approved for street use in Japan. NBCNews.com's Dara Brown reports.

  Japanese hold contest to build boats from boxes

The cardboard boat race happens annually in Japan, bringing together competitors who must build an entire boat out of cardboard, using only one roll of tape to put it together. Then, the real test is who will sink or float to the finish. TODAY’s Jenna Wolfe reports.

  Asian Markets Rebound; Nikkei Up Almost 2%

Japan stocks rebound but are not out of bear market territory yet after the previous day's savage sell-off, reports CNBC's Deirdre Wong Morris.

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Related Photos

Japan's Deputy PM Aso adjusts his headphones during a seminar at the ADB's 46th annual board meeting in Greater Noida
Japan's Deputy PM Aso adjusts his headphones during a seminar at the ADB's 46th annual board meeting in Greater Noida

Japan's Deputy Prime Minister and Finance Minister Taro Aso smiles as he adjusts his headphones during a seminar at the Asian Development Bank's 46th annual board meeting in Greater Noida, on the outskirts of New Delhi May 3, 2013. REUTERS/Adnan Abidi

Japan's Prime Minister Shinzo Abe arrives at the Lough Erne golf resort where the G8 summit is taking place in Enniskillen
Japan's Prime Minister Shinzo Abe arrives at the Lough Erne golf resort where the G8 summit is taking place in Enniskillen

Japan's Prime Minister Shinzo Abe arrives at the Lough Erne golf resort where the G8 summit is taking place in Enniskillen, Northern Ireland June 17, 2013. REUTERS/Suzanne Plunkett (NORTHERN IRELAND - Tags: POLITICS)

Britain's Prime Minister David Cameron welcomes Japan's Prime Minister Shinzo Abe to the Lough Erne golf resort where the G8 summit is taking place in Enniskillen
Britain's Prime Minister David Cameron welcomes Japan's Prime Minister Shinzo Abe to the Lough Erne golf resort where the G8 summit is taking place in Enniskillen

Britain's Prime Minister David Cameron welcomes Japan's Prime Minister Shinzo Abe to the Lough Erne golf resort where the G8 summit is taking place in Enniskillen, Northern Ireland June 17, 2013. REUTERS/Yves Herman (NORTHERN IRELAND - Tags: POLITICS)