Nikkei dips on Golden Week selling, weak data
TOKYO (Reuters) - The Nikkei average lost 0.17 percent on Friday as investors booked profits on tech shares such as Fanuc Ltd. and other gainers ahead of holidays, offsetting gains in automakers that benefited from a weaker yen.
Some investors also shifted funds out of stock futures and into Japanese bond futures after inflation and industrial output data increased doubts about how soon the Bank of Japan will be able to raise interest rates.
Nikko Cordial Corp. gained nearly 3 percent after Citigroup said it secured 61 percent of Nikko's voting stock in a tender bid that expired on Thursday.
The takeover of Japan's No.3 brokerage will cost about $7.7 billion, making it Citigroup's second-biggest deal outside the United States.
With the earnings season nearing its peak, company reports continue to be a major factor in trading decisions.
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