Nikkei inches down; new PM taken in stride

TOKYO, June 4 (BestGrowthStock) – Tokyo’s Nikkei average inched down
0.1 percent on Friday after posting its biggest one-day rise in
six months the previous day as investors turned cautious ahead of
closely watched U.S. jobs data due later in the day.

The market’s reaction was limited after the ruling party
picked Finance Minister Naoto Kan as Japan’s new prime minister,
a fiscal conservative and viewed by some as a proponent for a
weaker yen, as the outcome was expected.

The benchmark Nikkei fell 13 points to 9,901.19 after gaining
3.2 percent on Thursday, its biggest one-day rise since Dec. 3.

The broader Topix (.TOPX: ) dipped 0.1 percent to 890.16.
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(Reporting by Shinichi Saoshiro)

Nikkei inches down; new PM taken in stride