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.

Oct 01
The death toll from Japan's volcanic eruption rose to 48 on Wednesday, the worst in 88 years, after more victims were discovered on the ash-covered summit. (Reuters)
Oct 01
Fukuoka prefectural police continued cracking down on the Kudo-kai crime syndicate with the rearrests Oct. 1 of its two top leaders along with the arrests of seven other members in connection with the stabbing of a nurse. (Asahi)
Oct 01
A Japanese man who allegedly kicked a fellow diner to death in a fight over seats in a ramen eatery calmly returned to his food as the other man lay dying, media reported Tuesday. (Japan Today)
Oct 01
Japanese swimmer Naoya Tomita was given the green light Tuesday to leave South Korea after paying a one million won ($950) fine for stealing a journalist's camera during the Asian Games. (Japan Today)
Oct 01
Of a total of 110 active volcanoes in the nation, the Japan Meteorological Agency's Coordinating Committee for Predictions of Volcanic Eruption identified 47 volcanoes in June 2009 that have the possibility of eruption within about a century and therefore need stronger surveillance and supervision. (The Japan News)
Oct 01
Tokai Mayor Osamu Yamada joined others in prayer Tuesday for the victims of a criticality accident at a nuclear fuel processing facility in Tokai village 15 years ago. (The Japan News)
Sep 30
Police in Ichihara, Chiba Prefecture, said Tuesday they have arrested a 37-year-old man for kidnapping and assaulting a 12-year-old boy. (Japan Today)
Sep 30
Lava bombs that rained down in the immediate aftermath of the eruption on Mount Ontakesan likely killed many of the climbers who were trapped in the disaster, according to experts. (Asahi)
Sep 30
Tokyo Metropolitan Police last week raided a cabaret in the Roppongi entertainment district for licensing violations, reports TV Asahi (Tokyo Reporter)
Sep 30
Saitama prefectural police said Monday that a 54-year-old police officer has been arrested after he assaulted two train station attendants. (Japan Today)
Sep 29
Japan's entertainment industry has become so filled with idol groups that some call this the age of the "idol war." (Japan Times)
Sep 29
Miranda Kerr was a Victoria's Secret model, and she teased us with just a hint of her bra while out in Paris earlier today. (mirror.co.uk)
Sep 28
A Japanese climber attempting to scale the world's eighth-highest peak slipped and was killed, becoming the first casualty of Nepal's autumn climbing season, an official said on Sept. 27. (Asahi)
Sep 28
Police in Tokyo said Saturday they have arrested a 24-year-old clerk at the Tokyo District Court and a 39-year-old employee of the Bank of Tokyo-Mitsubishi UFJ on suspicion of molesting a woman in her 20s on the subway. (Japan Today)
Sep 27
Police in Kobe said Friday they have found a rucksack belonging to Mirei Ikuta, 6, in the apartment of the man being held on suspicion of abandoning her dismembered body. (Japan Today)