Yahoo Finance Tokyo stocks open down 0.93%
Tokyo stocks were down 0.93 percent in opening trade Friday as investors found few buying incentives and after Wall Street closed lower.
The benchmark Nikkei 225 index lost 105.18 points to 11,251.89 in the first few minutes of trading.
"The market is due for another pullback as it remains overheated and ripe for profit-taking, especially with the holiday-extended three-day weekend coming up," said SMBC Nikko Securities general manager of equities Hiroichi Nishi. Tokyo markets are closed Monday for a national holiday.
"The 'energy' in the market remains very strong, however," he told Dow Jones Newswires.
The Nikkei finished in negative territory on Thursday, a day after it surged almost four percent to its best finish since September 2008.
US stocks rebounded from early sharp losses but finished down on the back of some corporate earnings disappointments.
The Dow Jones Industrial Average slipped 0.30 percent to 13,944.05.
The euro dropped Thursday after the European Central Bank left rates unchanged and European Central Bank chief Mario Draghi gave a middling picture of the eurozone economy.
On currency markets, the euro fetched $1.3393 and 125.49 yen in early Asian trade Friday, compared with $1.3395 and 125.40 yen in New York on Thursday.
The dollar firmed to 93.70 yen from 93.61 yen.
The greenback's gains came after official data showed Japan's current account surplus nearly halved on-year to 4.7 trillion yen ($50 billion) in 2012, the smallest since 1985.
The current account is the broadest measure of Japan's dealings with the rest of the world, looking at trade in goods, services, tourism and Japan's foreign investment abroad.
