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Shares of Nikon closed down 1.3 percent before the earningsannouncement, in line with a 1.6 percent loss for the benchmarkNikkei average. The shares, which have swung wildlyafter the last two quarterly earnings reports, are up arelatively modest 12 percent since mid-November, when hopes forPrime Minister Shinzo Abe's reflationary policies sparked astock market rally. The Nikkei average has risen 57 percent overthe same period.
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