Tokyo stocks edged lower Monday morning as investors took profits from recent gains after Wall Street's losses Friday. The U.S. dollar was up against the Japanese yen and the euro.
The Nikkei Stock Average of 225 selected issues lost 46.40 points, or 0.40 percent, to end morning trading at 11,677.23. The index gained 54.68 points, or 0.47 percent, Friday.
The dollar was trading at 107.76 yen at 11 a.m. local time, up 0.49 yen from late Friday in Tokyo and also above the 107.61 yen it bought in New York later that day.
Stocks fell on profit-taking in banks, retailers and other issues related to the domestic economy.
Department store Mitsukoshi Ltd., supermarket chain Ito-Yokado Co., as well as banks Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc., fell.
In Tokyo Monday morning, the broader TOPIX, which includes all issues on the Tokyo Stock Exchange's first section, fell 2.62 points, or 0.22 percent, to 1,183.88 points. The TOPIX rose 4.32 points, or 0.37 percent, Friday.
In currency trading, the dollar held steady in Tokyo after its gains in New York on Friday amid mixed reports on the state of the U.S. economy.
The euro slipped to $1.2898 early Monday from $1.2972 late Friday and to 138.98 yen from 139.15 yen,