Tokyo stocks slip despite strong dollar as profit-taking sets in
Tokyo stocks fell Wednesday, succumbing to profit-taking after four days of sharp gains and weak China economic data, all of which provided an inauspicious backdrop to Suntory Beverage & Food's otherwise successful mammoth IPO listing.

The Nikkei Stock Average shed 43.18 points, or 0.3%, to 14,055.56 following the prior session's 1.8% rise. The index had surged 9.9% over the previous four days.

The Topix index of all the Tokyo Stock Exchange First Section issues added 1.97 points, or 0.2%, to 1,173.81, with 20 of 33 subindexes ending in positive territory.

Traders also cited weaker non-manufacturing June China PMI data published mid-morning as a sell catalyst, which helped to offset the dollar's rise above the Y100 mark for the first time since June 5.

As of the close of TSE trading at 0600 GMT, the greenback was seen at around Y100.72.

Participation levels remained somewhat subdued, totaling just 2.8 billion shares worth Y2.31 trillion.

Much of the value of the market was driven by trading in just two stocks, however: Tokyo Electric Power, and Suntory Beverage & Food.

Sep 02
Kenjiro Sano, whose logo for the 2020 Tokyo Olympics was scrapped Tuesday, stood by his design but said he decided to retract the logo because he felt his design did not have the support of the public and was marring the image of the Tokyo Olympics. (Japan Times)
Sep 02
An investigation into health problems triggered by the 2011 nuclear disaster here turned up a new case of thyroid cancer in a young person who lived near the stricken plant. (Asahi)
Sep 02
South Korea on Tuesday demanded that the Japanese daily Sankei Shimbun delete an online column that likens President Park Geun-hye to the Joseon dynasty's Queen Min, who was assassinated by Japanese. (Japan Times)
Sep 01
Tokyo police introduced the Segway two-wheel electric vehicle Tuesday to strengthen security at Haneda airport ahead of key international events in Japan. (Japan Times)
Sep 01
Mitsubishi Estate Co. announced on Monday it will build a 390-meter tall, 61-story skyscraper near JR Tokyo Station. (The Japan News)
Sep 02
A Japanese salmon fishing boat and its 11 crew members arrived back in Hokkaido on Tuesday morning after being released by Russian authorities. (The Japan News)
Sep 02
Four fishermen were killed and 2 others are missing after 6 fishing boats capsized in the Sea of Japan off the west coast of the country on Tuesday. (NHK)
Sep 01
Wild dolphins off the coastal town of Taiji got a temporary reprieve on Tuesday when fishermen canceled a controversial drive hunt because of bad weather. (Japan Times)
Sep 01
Aficionados of the age of the steam locomotive were out in force Aug. 30 for the final day of the outdoor Umekoji SL Museum in Kyoto's Shimogyo Ward, which closed after 43 years. (Asahi)
Aug 31
Police in Okazaki, Aichi Prefecture, arrested a man who held two hostages at knifepoint for five hours in a 7-Eleven convenience store on Monday morning. (Japan Today)
Aug 31
HIROSAKI, Aomori - The tower of Hirosaki Castle, a state-designated important cultural asset, is being towed dozens of meters away from its original location as part of a project to repair its stone walls. (The Japan News)
Aug 31
While chasing her dream of becoming an "idol," a junior high school girl named Moeka sounded less than confident among hopefuls vying to be chosen for the new Niigata Prefecture-based NGT48. (Asahi)
Aug 31
Ehime Prefectural Police on Friday arrested a 41-year-old male for dumping the body of his mother in Matsuyama City, reports the Sankei Shimbun. (Tokyo Reporter)
Aug 30
A rift has emerged in Japan's largest yakuza organised crime syndicate, the government said, with police warning Saturday that the split could lead to a wave of gang violence. (Japan Today)
Aug 30
A recent series of cable fires at Japan Railway facilities in Tokyo has aroused a suspicion of serial arson, due to the abnormally high frequency of such an incident. (Jiji Press)