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TOKYO (AP) _ Tokyo stocks slipped in early trading Friday following Wall Street's weakness, while the dollar was flat against the Japanese yen.

The benchmark 225-issue Nikkei Stock Average was down 1.73 points, or 0.02 percent, to 8,612.57 at the open. On Thursday, the index fell 100.22 points, or 1.15 percent.

The dollar was trading at 124.46 yen at 9 a.m. Friday, unchanged from late Thursday in Tokyo and slightly above its late New York level of 124.42 yen.

Traders said early losses in Tokyo followed the overnight slip on Wall Street.

In New York on Thursday, the Dow Jones industrial average fell 176.93, or 2.08 percent, to close at 8,317.34. The tech-heavy Nasdaq Composite Index closed down 21.52 point, or 1.63 percent, at 1,298.71.

Players in Tokyo avoided active trade ahead of an announcement of the government's anti-deflation package later this month, traders said. Top financial ministers are to meet later Friday to set direction of the package before the Cabinet approval expected next Wednesday.

The Tokyo Stock Price Index of all issues on the first section slipped 0.01 points, negligible in percentage terms, to 859.44 early Friday. The index lost 6.69 points, or 0.77 percent, the previous day.

The euro traded at 121.70 yen, up from 121.33 yen late Thursday in Tokyo. Against the dollar, the euro was quoted at 97.82 cents, up from 97.48 cents.

The yield on the benchmark 10-year government bond fell to 1.0600 early Friday from 1.0700 late Wednesday. Its price rose 0.09 to 100.35.


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