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Nikkei edges up as defensives rise


    TOKYO (Reuters) - Japan's Nikkei stock average edged up 0.9 percent on Wednesday, buoyed by defensive shares such as Takeda Pharmaceutical , while Mitsubishi UFJ Financial Group slipped after reporting a quarterly loss.

    Japan's economy shrank 4.0 percent in the first quarter, the biggest contraction on record, but economists see a return to modest growth in coming quarters for the world's No. 2 economy.

    The benchmark NIKKEI (NIKKEI225.) gained 79.85 points to 9,370.14, while the broader Topix rose 0.9 percent to 887.74.

    (Reporting by Elaine Lies)