Stocks turned down on the Tokyo Stock Exchange on Friday, pressured by position-adjusting sales.
The 225-issue Nikkei average closed down 70.85 points, or 0.53 percent, at 13,388.86. On Thursday, the key market gauge climbed 121.25 points.
The TOPIX index of all First Section issues fell 10.46 points, or 0.94 percent, to end at 1,106.65 after advancing 2.48 points the previous day.
Stocks were buoyant in early trading after the European and U.S. markets advanced overnight partly thanks to better-than-expected U.S. economic data and receding concerns about the situation in Syria. Also helped by the yen's weakness, the Nikkei average briefly rose more than 150 points shortly after the opening bell.
But the market lost steam soon as investors moved to sell stocks to adjust their positions ahead of the weekend and a host of key events next week.
Tokyo Metropolitan Police last week confirmed that a body discovered buried in a cemetery in Kanagawa Prefecture is that of a 25-year-old woman who went missing two years ago. Police are now attempting to locate her son, reports the Sankei Shimbun (June 26). (Tokyo Reporter)
Japan's traditional kendama ball-and-cup toy has been reborn as a new sport and is attracting attention around the world. Professional players demonstrate their highly sophisticated techniques on Internet video sites, and a world championship event was held last year featuring the first monetary prizes to be awarded for kendama in Japan. (The Japan News)
Police in Sapporo said Friday they have arrested an 18-year-old youth on suspicion of killing his 51-year-old father. - See more at: http://www.japantoday.com/category/crime/view/18-year-old-youth-arrested-for-killing-father#sthash.HiHL4HwN.dpuf (Japan Today)