LOS ANGELES (MarketWatch) -- Japanese stocks have ended with losses in every session this week, and sure enough, the Nikkei Average (JP:NIK) was down 0.6% in early Friday trade, though off an opening 0.8% defecit, while the Topix carried a 0.7% loss. Overnight losses for the U.S. and further strength in the yen (with the dollar falling to ¥101.28 from ¥101.56 a day earlier) helped drag the market lower, as did results from Fast Retailing Co. (JP:9983) (FRCOF) , the shares of which hold the heaviest weighting on Nikkei Average. Fast Retailing said that while its Uniqlo brand was doing great business, weakness for its J Brand luxury demin label helped send September-May profit down 4% and prompted another cut to Fast's full-year outlook. Consequently, its shares traded 0.7% lower, though rivals Takashimaya Co. (JP:8233) and J. Front Retailing Co. (JP:3086) (JFROF) also saw losses of 0.6% and 0.5%, respectively. Among other decliners, Sony Corp. (JP:6758) (SNE) lost 0.7%, Toshiba Corp. (JP:6502) (TOSYY) fell 2.1%, Kawasaki Heavy Industries Ltd. (JP:7012) (KWHIY) fell 1.5%, Toyota Motor Corp. (JP:7203) (TM) and Nissan Motor Co. (JP:7201) (NSANY) retreated 0.8% each, Nomura Holdings Inc. (JP:8604) (NRSCF) (NMR) gave back 1.8%, and Pioneer Corp. (JP:6773) (PNCOF) traded down 2.3%. On the upside, Japan Display Inc. (JP:6740) rose 0.8%, Japan Petroleum Exploration Co. (JP:1662) (JPTXF) improved by 1% on a rebound in oil prices, and Canon Inc. (JP:7751) (CAJ) added 2.8% after a Nikkei news report said the company would post a 10% increase in April-June operating profit, thanks to strength in its color-copier business.
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