The Nikkei 225 ended almost flat at 37,754 while the broader Topix index edged up 0.05% to 2,741 on Friday, with Japanese shares struggling to gain traction as weak economic data weighed on sentiment. Investor caution prevailed after Japan's economy contracted 0.2% quarter-on-quarter in Q1, marking its first decline in a year and missing expectations for a 0.1% decline.
The data reinforced concerns raised by the Bank of Japan earlier this week, which warned of a potential economic moderation due to U.S. trade policy pressures. The Japanese market also mirrored losses in U.S. technology stocks, which were hit by profit-taking overnight. Domestic technology names were broadly weaker, with Disco and Advantest down 1.9%, and Tokyo Electron down 2.8%. However, certain non-tech stocks provided some support. Mitsubishi UFJ rose 0.9%, Mitsubishi Heavy rose 3.1%, and Sanrio jumped 7.4%. (Newsmaker23)
Source: Trading Economics
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