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Nikkei crawls lower ahead of jobs data, Konica falls

Source: Reuters - Fri 7th Aug 2009

Japan's Nikkei stock average edgeddown on Friday as investors locked in profits ahead of crucialU.S. jobs data, with Honda Motor Co and other carmakersdown after climbing the day before. Konica Minolta Holdings tumbled nearly 10 percentafter Nomura Securities cut its rating to "neutral" from "buy" and lowered its target price to 970 yen from 1,200 yen,following the company's earnings announcement on Thursday.

In thin trade, the benchmark Nikkei lost 1 percentor 104.54 points to 10,283.55 after posting a 10-month closinghigh of 10,388.09 on Thursday. The broader Topix .TOPX lost1.2 percent to 946.09.

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