TOKYO Jan 6 Japan's Nikkei share average
dropped on Friday as automakers dragged after incoming U.S
President Donald Trump threatened to slap punitive taxes on
Toyota cars imported into the United States from Mexico, while
Fast Retailing weighed on the market.
The Nikkei fell 0.3 percent to 19,454.33. For the
week, it was up 1.8 percent.
Fast Retailing Co dived 6.7 percent and contributed
a hefty negative 109 points to the benchmark index after saying
that same-store sales at its Uniqlo clothing outlets in Japan
fell 5 percent in December from a year earlier.
Toyota Motor Corp fell more than 3 percent at one
point after Trump threatened to impose heavy taxes on the
automaker if it builds its Corolla cars in Mexico for the U.S.
Toyota later trimmed the drops and ended 1.7 percent lower.
Other Japanese carmakers also fell, with Honda Motor Co
and Nissan Motor Co falling 1.9 percent and
2.2 percent, respectively.
The broader Topix dropped 0.2 percent to 1,553.32
and the JPX-Nikkei Index 400 fell 0.2 percent to
(Reporting by Ayai Tomisawa; Editing by Simon Cameron-Moore)