Nikkei Down 0.1%, Dragged by Brokerage, Machinery Shares
Japanese stocks fell in early trade as concerns about borrowing costs and U.S. tariffs persisted. Brokerages and heavy machinery makers led the declines.
Nomura Holdings fell 1.0% and Mitsubishi Heavy Industries dropped 1.3%. The latest 10-year Japanese government bond yield rose 1.5 basis points to 1.455%, the highest since November 2009, after stronger-than-expected Japanese inflation data. USD/JPY was at 149.70, down from 150.14 at the close of the Tokyo Stock Market on Thursday.
Investors are focusing on any developments in U.S. trade and foreign policy. The Nikkei Stock Average was down 0.1% at 38,625.96.
Source: Bloomberg