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.

May 26
Japan's Emperor Akihito and Empress Michiko have attended a ceremony in Tokyo to pray for the victims of a devastating US air raid during World War Two. (NHK)
May 26
A special law that allows municipal governments in Japan to order the demolition of hazardous vacant houses went into force Tuesday, at a time when the number of empty houses is increasing as a result of the country's declining population. (Jiji Press)
May 25
Japan's Meteorological Agency has warned of possible strong aftershocks in the Tokyo metropolitan area during the next week. (NHK)
May 25
An earthquake with an estimated magnitude of 5.6 shook Tokyo and its surrounding areas at 2:28 p.m. on May 25, but there were no immediate reports of injuries or damage. (Asahi)
May 25
Japan's push to take away overtime from high-paid workers has critics warning it will aggravate a problem synonymous with the country's notoriously long working hours -- karoshi, or death from overwork. (AFP)
May 26
On May 21, police in Japan's Miyagi Prefecture arrested a woman on swindling charges after the cashier at a local store erroneously handed her an extra 45,000 yen (US$370) in change. (rocketnews24.com)
May 26
In a crackdown on a business believed to be supporting organized crime, Tokyo Metropolitan Police on Tuesday announced the bust of an illegal pornographic DVD business in Shinjuku Ward, reports TV Asahi (May 26). (Tokyo Reporter)
May 26
A "Doraemon" movie will be shown in China from Thursday, becoming the first new Japanese film to be released in the country for nearly three years, diplomatic sources said Monday. (Jiji Press)
May 26
A 39-year-old man on Monday pleaded guilty to fatally stabbing two people at random on a street in Osaka on June 24, 2012. (Japan Today)
May 25
The Fukushima District Court on Monday sentenced a 33-year-old man to 18 months in prison, suspended for three years, for distributing naked photos of a female friend-a practice known as revenge porn. (Japan Today)
May 25
Police in Fukuoka said Monday that two men have been arrested after the body of a woman wrapped in a blanket was found in a park in Nagasaki on Sunday morning. (Japan Today)
May 25
Tochigi Prefectural Police on Sunday confirmed that a body discovered on a property in Mooka City is that of a 21-year-old woman who went missing last month, reports the Sankei Shimbun. (Tokyo Reporter)
May 25
About half of the nation's 47 prefectural and 20 ordinance-designated city governments have prohibited or are considering a ban on drone flights in locations that attract large numbers of people, The Yomiuri Shimbun has learned. (The Japan News)
May 25
When you hear the expression "JK business," do you have any idea what kind of work this refers to? JK stands for joshi kōsei (high school girls). In Japan, JK is a very powerful brand - and high school girls are a highly valued commodity. (Japan Times)
May 25
Sixteen customers and staff were taken to hospital after suffering carbon monoxide poisoning at an "izakaya" in Nagaoka, Niigata Prefecture. (Japan Today)