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.
On his first day in his new job, industry minister Yoichi Miyazawa said Tuesday he will soon be ready to visit communities near nuclear power plants, apparently pledging to maintain the momentum for reactor restarts. (Japan Times)
Osaka Mayor Toru Hashimoto met with the head of an anti-Korean group on Monday as he considers cracking down on hate speech rallies in the western Japan city, but they ended up having a shouting match in which they more or less just insulted each other. (Kyodo)
Osaka Prefectural Police on Friday arrested two male suspects for allegedly dumping a large quantity of adult video (AV) material inside a park in Nishinari Ward, reports the Sankei Shimbun (Oct. 17). (Tokyo Reporter)
Empress Michiko celebrated her 80th birthday on Monday. In a statement distributed to media by the Imperial Household Agency, the empress said she hoped the world could find peace ahead of the 70th anniversary of the end of World War II next year. (Japan Today)
The Nagano prefectural government's disaster response headquarters said Thursday it has decided to end its search this year for missing hikers on Mt. Ontake due to the growing risk of secondary accidents. (The Japan News)