At closing bell, the 225-issue Nikkei Stock Average index declined 58.68 points, or 0.21%, to 27,842.33. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 4.23 points, or 0.22%, to 1,957.33.
Total 20 of 33 TSE sectors closed lower, with Iron & Steel issue was worst performer, falling 1.26%, followed by Nonferrous Metals (down 0.81%), Wholesale Trade (down 0.7%), Textiles & Apparels (down 0.6%), and Metal Products (down 0.61%) sectors, while Marine Transportation issue outperformed with gain of 1.35%.
Tech stocks declined on tracking fall in US peers. Chip-manufacturing equipment maker Tokyo Electron fell 1% to 45,250 yen and chip-testing equipment maker Advantest declined 0.7% to 9,810 yen.
Shares of export-oriented companies rose as a softer yen improved companies' profits that have been earned overseas when repatriated. Among export-related issues, Toyota Motor rose 0.5% to 1,963 yen, and Honda Motor inched up 0.1% to 3,261 yen.
ECONOMIC NEWS: Japan producer prices were up 9.3% on year in November, the Bank of Japan said on Monday, up from 9.1% in October. On a monthly basis, producer prices rose 0.6% - unchanged from the previous month. Export prices fell 0.1% on month and added 1.1% on year, the bank said, while import prices dropped 2.5% on month and jumped 8.6% on year.
CURRENCY NEWS: The Japanese yen depreciated 0.2% to 136.87 against US dollar in Asian trade after trading in range between 136.51-137.12.
Wall Street closed lower on last Friday, after U.S. producer price data suggested inflation could prove more persistent than previously thought, ahead of a consumer price report on Tuesday and the Fed policy decision the following day.
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