Nikkei likely to edge down as economic doubts reignited

Newswire

TOKYO, June 17 (Reuters) - Japan's Nikkei stock average is likely to edge lower on Wednesday after mixed U.S. indicators reignited doubts about how fast the recession is easing, with exporters under pressure from a stronger yen.

A rebound in U.S. housing starts in May pointed to some stabilisation in that sector, but industrial production fell 1.1 percent and capacity utilisation slumped to its lowest level on records dating back to 1967. [ID:nN16262919]

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