Nikkei Falls 0.2%, Dragged by Heavy-Industry Stocks -- Market Talk
The Nikkei Stock Average closed 0.2% lower at 37677.06 as falls in heavy-industry shares offset gains in bank stocks. IHI Corp. fell 4.9% and Kawasaki Heavy Industries dropped 3.2%.
Meanwhile, Mitsubishi UFJ Financial Group gained 5.7% and Sumitomo Mitsui Financial Group added 3.7% after stronger-than-expected domestic inflation data raised expectations that the Bank of Japan would continue to raise rates gradually.
Broader benchmark Topix rose 0.3% to 2804.16. The 10-year Japanese government bond yield gained half a basis point to 1.520%. U.S. trade and foreign policies are in focus. USD/JPY is at 149.50, compared with 148.78 as of Thursday 5 p.m. Eastern time.
Source: Marketwatch