The Nikkei share average slipped
on Friday as weak U.S. economic data raised concerns over the
health of the world's largest economy and its impact on the
export-reliant Japanese economy.
Japanese market players were more concerned over the soft
U.S. data than Thursday's positive U.S. corporate earnings,
which helped propel the S&P 500 index to a 2-1/2-month
high.
"Toshiba was up 5 percent on the back of U.S. earnings but
what else came out in the U.S. that has any real bearing on
Japanese stocks?" a senior deal at a foreign brokerage said.
"The bigger problem that you have got at the moment is the
weak U.S. data that's coming out."
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