Japan shares test 15-year highs, dollar in demand

April 8, 2015 12:21 AM

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Japan shares test 15-year highs, dollar in demand

SYDNEY (Reuters) - Japanese shares were probing 15-year peaks Wednesday as investors favored Asian assets on expectations of more stimulus from countries such as China and Japan, as well as a delayed start to any tightening by the U.S. Federal Reserve.

The chase for yield in emerging markets overshadowed a flat finish for Wall Street, where a swing higher in the dollar was viewed as a threat to multinational corporations' profits. Oil prices also suffered a setback on data showing a jump in crude stockpiles.

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