Tokyo’s markets were mixed on the session Thursday.

The Nikkei 225 added 0.61 percent to 16,257, but the Topix index dropped 0.1 percent to 1,568.52 and the Mothers market was 0.79 percent lower to 711.44.

Carmakers were lower after the Organization for Economic Cooperation and Development reduced its prediction of how much the US and European economies will grow this year.

Honda Motor (TYO: 7262; NYSE: HMC) was down 0.5 percent to ¥3,810 while Toyota Motor (TYO: 7203.T; NYSE: TM; LSE: TYT) dropped 0.6 percent to ¥6,630.

The real estate sector declined again. Mitsubishi Estate (TYO: 8802) fell 1.9 percent to ¥2,840, while Sumitomo Realty & Development (TYO: 8830) was 4.3 percent lower to ¥3,370.

Banks and brokerages were lower as well when Bear Stearns (NYSE: BSC) cut its projection of global economic growth for 2008 and put the chances of a recession in the US at 35 percent.

Mitsubishi UFJ (TYO: 8306; NYSE: MTU) dropped 0.9 percent to ¥1.08 million, while broker Nomura Holdings (TYO: 8604; NYSE: NMR; SGX: N33) fell 1.5 percent to ¥1,917.

In the telecommunications sector, KDDI (TYO: 9433) added 2.5 percent to ¥863,000 after Nikko Citigroup began coverage with a “buy” recommendation.

Tokyo equities markets were significantly lower on Friday.

The Nikkei 225 fell 5.42 percent to 15,273.68 for its biggest one-day percentage drop since the September 11 attacks in New York and Washington, DC, in 2001.

Meanwhile, the Topix index and the Mothers market each were down 5.55 percent, to 1,480.39 and 688.46 respectively.

The decline for the Topix was the biggest in over a year.

The Bank of Japan put another ¥1.2 trillion ($10.7 billion) into the system during the day to try to improve liquidity.

The yen strengthened again, leaving export-related shares suffering.

Among carmakers, Toyota Motor (TYO: 7203.T; NYSE: TM; LSE: TYT) fell 7.2 percent to ¥6,190 and Honda Motor (TYO: 7262; NYSE: HMC) dropped 8.2 percent to ¥3,470.

Camera maker Canon (TYO: 7751; NYSE: CAJ) was 8.6 percent lower to ¥5,400, while Nintendo (TYO: 7974; NAS: NTDOY; FWB: NTO) was down by the exchange-set daily limit of ¥5,000 to ¥46,700, a decline of 9.7 percent.

With commodities prices much lower on Thursday around the world, Sumitomo Metal Mining (TYO: 5405) fell 16 percent to ¥1,940 for its biggest one-day decline since early October 1999.

There were gainers on the session.

Record high temperatures in Japan helped ice cream maker Meiji Dairies (TYO: 2261) to add 2.4 percent to ¥648, while mobile phone operator KDDI (TYO: 9433) was 3.7 percent higher to ¥868,000.

In Tokyo on Wednesday the Nikkei 225 added 0.64 percent to 17,029.28, while the Topix index gained 0.53 percent to 1,669.04.

On the other hand, the Mothers market dropped 2.15 percent to 783.78.

Condiments maker Bull-Dog Sauce (TYO: 2804) dropped 16 percent, the most the exchange allows in a day, to ¥530 after it revised its annual profit forecast from a gain of ¥500 million to a loss of ¥980 million due to its spending to repel a hostile takeover by hedge fund Steel Partners, which said that it was reducing its bid for Bull-Dog Sauce from ¥1,700 per share to ¥425 per share.

With machinery orders down 10.4 percent in June, much more than analysts had expected, machinery makers saw declines. Komatsu (TYO: 6301) fell 4.6 percent to ¥3,550 while Amada Co (TYO:6113), which produces metal cutting machines and automation systems, dropped 5.6 percent to ¥1,345.

Banks, down recently, saw gains after a series of declines. Mitsubishi UFJ (TYO: 8306; NYSE: MTU) gained 3.5 percent to ¥1.2 million, while Mizuho (TYO: 8411; NYSE: MFG) was up 3.6 percent to ¥712,000.

The telecommunications sector was also higher as new data showed that several mobile phone operators have gained subscribers.

NTT DoCoMo (TYO: 9437) was 3 percent higher to ¥171,000, while Softbank (TYO: 9984) was up 4.5 percent to ¥2,555 and KDDI (TYO: 9433) gained 5.2 percent to ¥808,000.

Besides the new subscriber data, KDDI was also reported to be joining with Kyocera (TYO: 6971; NYSE: KYO), its biggest shareholder, to apply for the necessary permits to offer wireless internet services.

The Nikkei 225 was fractionally higher Monday, adding 5.49 points to 17,289.3, while the Topix index gained 0.4 percent to 1,705.71.

The Mothers market of small and mid-cap stocks was 1.63 percent higher to 852.93.

The gains came despite predicted declines after the ruling Liberal Democratic party lost its control of the upper house of Japan’s parliament, the Diet, in Sunday’s elections.

The steel sector saw gains after JFE (TYO: 5411) said its operating profit in the quarter ending in June was up 59 percent and income was 63 percent higher.

JFE added 5 percent to ¥8,350.

Nippon Steel (TYO: 5401) also announced a profit increase and Nippon Metal (TYO: 5479) said its income was a ¥3.5 billion, up from ¥75 million last year at the same time.

Quarterly reports helped some in the electronics sector as well, where Mitsubishi Electric (TYO: 6503) was 9.9 percent higher to ¥1,266 after it said that profits were up by 63 percent in the most recent quarter.

On the other hand, Sony (TYO: 6758; NYSE: SNE) was down 1.1 percent to ¥6,350.

In the automobile manufacturing sector Toyota Motor (TYO: 7203.T; NSYE: TM; LSE: TYT) gained 0.1 percent to ¥7,270 after early declines.

Sectors that are domestically focused were lower after more price cuts were announced by NTT DoCoMo (TYO: 9437), which then dropped 2.4 percent to ¥166,000.

KDDI (TYO: 9433) was also lower, falling 2.1 percent to ¥793,000.

Softbank (TYO: 9984), which also has a mobile phone unit, was 1 percent lower to ¥2,490.

In Tokyo, the Nikkei was 0.2 percent higher on Tuesday to 18,002, while the Topix index advanced 0.5 percent to 1,765.99 and the Mothers market of small and mid-caps jumped 1.98 percent to 852.21.

Tokyo Electric Power (TYO: 9501) was higher after several sessions of losses after last week’s earthquake damaged one of its nuclear power plants, adding 3.4 percent to ¥3,340.

Also managing a comeback was the telecommunications sector, which had been lower after two mobile operators announced price cuts.

KDDI (TYO: 9433) had the best rebound in the sector, gaining 4.8 percent to ¥870,000 on a 15.6 gain in operating profits in the quarter ending in June.

Elsewhere in the sector, NTT DoCoMo (TYO: 9437) was 1.1 percent higher to ¥178,000 and Softbank (TYO: 9984) was up ¥2,620.

The banking sector also saw gains.

Mitsubishi UFJ (TYO: 8306; NYSE: MTU) was 0.77 percent higher to ¥1,310,000, while Mizuho Financial (TYO: 8411; NYSE: MFG) gained 2.1 percent to ¥857,000 and Resona Holdings (TYO; 8308) added 4.1 percent to ¥280,000.

The Tokyo equities markets were lower on Monday as the Nikkei 225 and the Topix index each dropped 1.1 percent, to 17,963.64 and 1,757.29 respectively.

The declines came after losses in New York on Friday and on polls over the weekend that showed Japan’s ruling party could see a defeat in next Sunday’s elections for the Upper House of its parliament.

Some analysts believe that a major defeat could mean a resignation from Prime Minister Shinzo Abe that could send both equities and the yen lower, at least temporarily.

Tokyo Electric Power (TYO: 9501) saw another loss, falling 2.7 percent to ¥3,230 in the wake of last week’s earthquake.

Also seeing further losses was the telecommunications sector, after some major mobile phone providers cut prices last week.

KDDI (TYO: 9433) was 2.7 percent lower to ¥830,000, while NTT DoCoMo (TYO: 9437) dropped 2.8 percent to ¥176,000.

Softbank (TYO: 9984), which did not announce a price cut, was down 3.4 percent to ¥2,575.

The construction machinery sector was lower after a worse-than-expected quarterly report from US company Caterpillar (NSYE: CAT).

Hitachi Construction Machinery (TYO: 6305) fell 1.2 percent to ¥4,980, while Komatsu (TYO: 6301) dropped 1.3 percent to ¥3,940.

The Tokyo equities markets saw gains on Friday.

The Nikkei 225 gained 0.2 percent to 18,157.93 and the Topix closed at 1,776.17, 0.5 percent higher on the session.

In the electronics sector, Matsushita Electric Industrial (TYO: 6572; NYSE: MC), which makes the Panasonic brand of consumer electronics, added 1.5 percent to ¥2,385.

The steel sector was also higher, with Nippon Steel (TYO: 5401) adding 3.9 percent to ¥955 after it was reported that Japan’s output of crude steel was at a 33-year high in the first half of 2007.

On the other hand, the telecommunications sector was lower after KDDI (TYO: 9433) and Softbank (TYO: 9984) both decided to cut fees to mobile phone users.

NTT DoCoMo (TYO: 9437) fell 1.1 percent to ¥181,000, while Softbank dropped 2.7 percent to ¥2,665 and KDDI was 6.1 percent lower to ¥853,000.

The consumer finance sector also saw losses.

Sanyo Shinpan (TYO: 8573) was 2.2 percent lower to ¥3,520, while Takefuji fell 5.4 percent to ¥3,820 and Promise was down 6.6 percent to ¥3,540.

The Tokyo equities markets were higher on Monday as the yen weakened against the US dollar. The Nikkei 225 added 0.8 percent to 17,292.39, while the Topix index was 0.6 percent higher to 1,741.36.

The real estate sector gained 1.8 percent as whole as it made progress in recovering from earlier losses. Mitsui Fudosan (TYO: 8801; NAS: MDSFF) added 1.5 percent to ¥2,470, while Sumitomo Realty & Development (TYO: 8830) was 2.9 percent higher to ¥4,960.

In the telecommunications sector, KDDI (TYO: 9433) gained 1.6 percent to ¥920,000 on the news that it will use cables owned by East Japan Railway (TYO: 9020) to offer fibre-optic broadband services.

Export sectors were helped by the weakness of the yen and indications that the US economy is remaining strong. Ceramics maker Kyocera (TYO: 6971; NYSE: KYO) and consumer electronics giant Matsushita Electric Industrial (TYO: 6752; NYSE: MC) each added 1.0 percent, to ¥10,540 and ¥2,410 respectively.

Japan Tobacco (TYO: 2914) added 4.8 percent to ¥546,000 after shareholders of UK tobacco company Gallagher (LSE: GLH), voted on Friday to accept its sale to JT.

Kyoei Tanker (TYO: 9130) was 4.7 percent lower after reports in the Japanese financial press that group recurring profits in the upcoming fiscal year could drop as much as 67 percent. Kyoei specializes in marine transport of oil products.

Sell-offs in the shipping sector prevented the Tokyo equities markets from advancing on Thursday. The Nikkei 225 closed even at 17,292.48, while the Topix index closed 0.5 percent lower to 1,720.18. The Nikkei was prevent from dropping mainly by export-focused sectors which saw gains due to weakness in the yen.

The shipping sector fell 5.1 percent as a whole on the session. The declines came after Nippon Yusen, the largest shipper in Japan, cut its prediction on operating profits for its fiscal year, which ends in March. Yusen fell 7.8 percent to ¥904. The news helped send Kawasaki Kisen 4.2 percent lower to ¥1,044 even though it raised its estimate on operating profits by ¥1 billion, to ¥61 billion. Mitsui OSK Lines dropped 3.5 percent to ¥1,225.

Among export-focused sectors, electrical machinery added 0.5 percent on the day, while transport equipment gained 0.3 percent. Advantest gained 2.2 percent to ¥5,570. Honda Motor was 1.7 percent higher to ¥4,710.

The telecommunications sector was higher. KDDI added 1.8 percent to ¥925,000 after it gained the most subscribers of any Japanese telecom in the latest figures released. NTT DoCoMo gained 4.4 percent to ¥215,000.

Chugai Pharmaceutical was 6.2 percent higher to ¥2,835 on a statement from Swiss pharmaceutical company Roche that it was thinking about raising its stake. Roche already owns half of Chugai. The drug maker was also helped by an upgrade from “hold” to “buy” from Nikko Citigroup.

The Japanese equities markets were significantly higher on Friday. The Nikkei 225 added 1.3 percent to 17,057.01, while the Topix index gained 1.7 percent to 1,685.27. Export-focused sectors were largely responsible for the gains, helped out by a weaker yen.

The electronics sector was up 2 percent as a whole. Hitachi added 1.3 percent to ¥790, while Sony gained 2.4 percent to ¥5,560 and Matsushita Electric Industrial was 3.3 percent higher to ¥2,385. Matsushita, which makes the Panasonic brand of consumer electronics, had seen losses earlier in the week in connection to its announced plans to build a new factory to manufacture plasma displays.

The automobile manufacturing sector was also 2 per cent higher, with Toyota up 2.1 percent to ¥7,820.

The banking sector was 2.5 percent higher ahead of a Bank of Japan meeting to decide on interest rates, scheduled for next week. Mitsubishi UFJ gained 2.7 percent to ¥1,510,000.

Telecommunications companies had mixed results on the session. NTT DoCoMo added 0.5 percent to ¥193,000, while KDDI was 3.1 percent higher to ¥808,000 on new data that showed its share of the mobile phone market higher since October. Softbank, however, dropped 1 percent to ¥2,460.

In the retail sector, Fast Retailing dropped 13.6 percent to ¥9,600 when it reduced its full-year profit expectations.