Tokyo equities markets were lower Monday.
The Nikkei 225 was down 0.39 percent to 16,914.46 and dropped as lows as 16,675 early in the session, while the Topix index fell 0.27 percent to 1,668.04 and the Mothers market was 2.01 percent lower to 817.76.
With the yen strengthening, exporters were mostly lower on the session.
Carmakers were mixed, however.
Toyota Motor (TYO: 7203.T; NYSE: TM; LSE: TYT) added 1.4 percent to ¥7,180 after is said its profits rose by 32 percent in the most recent quarter, but Mazda Motor (TYO: 7261) was down 2.9 percent to ¥636.
In the electronics sector, Sony (TYO: 6758; NYSE: SNE) dropped 3.1 percent to ¥5,920, its biggest loss since the middle of March, while camera maker Canon (TYO: 7751; NYSE: CAJ) was down 2.3 percent to ¥6,370.
Banks were lower as investors worried that the Japanese economy is not expanding quickly enough to encourage investment in domestically-focused shares.
Mizuho (TYO: 8411; NYSE: MFG) and Mitsubishi UFJ (TYO: 8306; NYSE: MTU) each dropped 2.5 percent, to ¥702,000 and ¥1.16 million respectively.
Shares in Mizuho have declined by more than 16 percent since last week.
Also in financial services sector, broker Nomura Holdings (TYO: 8604; NYSE: NMR; SGX: N33) was 3.2 percent lower to ¥2,135.
Meanwhile, in the consumer finance sector Takefuji (TYO: 8564) added 2.1 percent to ¥3,810 after it said its profits were up substantially in the quarter.