TOKYO Jan 5 Japan's Nikkei fell on Thursday as
the dollar fell against the yen on uncertainy over what the new
U.S. presidency will bring, while Sharp Corp jumped after a
report that it will consider listing its LCD joint venture
between it and Hon Hai.
The Nikkei share average dropped 0.4 percent to
Sharp surged 11 percent after the Nikkei reported
in the afternoon that the company will consider an initial
public offering for Sakai Display Products Corp, the LCD joint
venture between it and Hon Hai Precision Industry Co.
The dollar has been weak against the yen throughout Asian
trading as minutes from the U.S. Federal Reserve's December
meeting showed concerns that quicker economic growth under
President-elect Donald Trump could require faster interest rate
In afternoon trade, the dollar stepped further away from a
14-year peak against a basket of major currencies as the market
was spooked by sharp falls in the dollar against the Chinese
The dollar slipped almost one percent at one point to 116.08
yen. At 0630 GMT, it was at 116.26.
The broader Topix gained 0.1 percent to 1,555.68 and
the JPX-Nikkei Index 400 advanced 0.1 percent to
(Reporting by Ayai Tomisawa; editing by Simon Cameron-Moore)