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Christine Lagarde

Japan stocks down despite BOJ move, other markets gain

Japanese stocks were lower Thursday after the country's central bank introduced a negative rate interest policy that could boost the economy but also hurt earnings of major banks. The yen dived. Other Asian markets were mostly higher after China's top economy official said there is no basis for the yuan to continuously weaken.

KEEPING SCORE: Japan's Nikkei 225 jumped more than 3 percent after the BOJ announcement but quickly surrendered those gains to be 0.5 percent lower at 16,933.99. The policy decision is a possible boost for the economy but viewed by investors as negative for banks. Shares of Mitsubishi UFJ Financial Group fell 5 percent. Hong Kong's Hang Seng gained 1.8...