Nikkei falls on stronger yen

Japanese share market ended lower on Friday, 24 July 2015, amid profit booking after yen appreciation against the greenback, disappointing China manufacturing data, and on caution ahead of big events including the Federal Open Market Committee meeting and U.S. gross domestic product data next week. Japanese investor sentiment was also weighed down by IMF's warning that Japan's debt would probably triple the size of the economy by 2030 if the government fails to act now. Market participants brushed aside Nikkei Flash Japan Manufacturing PMI data showing an improvement of 1.3 points to 51.4 in July. The Nikkei Stock Average dropped 139.42 points, or 0.67%, to end at 20544.53 points. The broader Topix index lost 0.54%, or 9.02 points, to close at 1655.86 points. For the week, the Nikkei index slipped 0.5%. For the year so far, it remains higher by 17.7%.

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