Asian shares slip; German, Korean data hurt risk appetite

Asian shares slipped to three-week lows on Thursday as a surprise deterioration in German and South Korean economic data rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.5 percent, while Japan's Nikkei average closed up 0.5 percent. The Japanese yen traded slightly higher than then previous session's four-month lows and showed a muted response to a Bank of Japan policy pledge to keep interest rates very low at least until early 2020, even as it retained main policy targets.

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