Nikkei cuts losses after new low as yen powers on

Newswire

(Adds stocks, details) By Elaine Lies TOKYO, Nov 22 (Reuters) - Japan's benchmark Nikkei pared losses on Thursday after hitting a new 16-month low on growing worries about the U.S. economy and an advancing yen, which hit exporters such as Toyota Motor Co . The yen was near its highest level versus the dollar in more than two years after the greenback fell as low as 108.25 yen on electronic trading platform EBS, its lowest since June 2005. The Nikkei hit a fresh 16-month low of ...

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