In Tokyo on Monday the Nikkei 225 fell 2.24 percent to 16,438.47 and the Topix index dropped 1.77 percent to 1,563.07, but the Mothers market of small and mid-caps managed a 1.04 percent gain to 911.42.

Exporters dropped as the yen strengthened in relation to the US dollar.

Construction machinery manufacturer Komatsu (TYO: 6301) was 2.9 percent lower to ¥3,720 after its US rival Caterpillar (NYSE: CAT) cut its profits outlook on a downturn in sales in the United States.

Game console maker Nintendo (TYO: 7974; NAS: NTDOY; FWB: NTO) was also 2.9 percent lower to ¥64,800, while automobile manufacturers Toyota (TYO: 7203.T; NYSE: TM; LSE: TYT) and Honda (TYO: 7267; NYSE: HMC) each fell 2.1 percent, to ¥6,120 and ¥3,750 respectively.

It was Honda’s lowest close in a month and a 14-month low for Toyota.

Banks were still in the doldrums, with Mitsubishi UFJ trading even at ¥1,027 after early-session declines and Sumitomo Mitsui down 0.6 percent to ¥832,000 even though the consumer finance sector, in which they hold stakes, was much higher on the session.

Acom (TYO: 8572) gained 14 percent to ¥3,000 while Aiful (TYO: 8515) added 18 percent to ¥2,670.

Tokyo’s markets were lower on the session Wednesday after banks declined on news from US bank Wells Fargo (NYSE: WFC) that it had lost $892 million to bad home equity and consumer loans in the third quarter and that earnings will likely be hurt in the fourth quarter as well.

The Nikkei 225 was 1.07 percent lower to 16,955.31 while the Topix index dropped 1.54 percent to 1,600.29 and the Mothers market fell 1.05 percent to 824.34.

Mitsubishi UFJ (TYO: 8306; NYSE: MTU) was down 4 percent to ¥1,017 and Sumitomo Mitsui Financial Group (TYO: 8316) dropped 5.8 percent to ¥823,000.

Brokerage Nomura Holdings (TYO: 8604; NYSE: NMR; SGX: N33) fell 5.7 percent to ¥1,955.

Declines were also fed by losses in the steel and shipping sectors after the newly proposed rules in India there had investors worried about a slowing economy there if foreign money pulls out of the market.

In the steel sector, JFE Holdings (TYO: 5411) was 3.8 percent lower to ¥7,670, while shipper Mitsui OSK (TYO: 9104) dropped 3.4 percent to ¥1,930.

Some exporters were also lower on the day as the yen strengthened versus the US dollar.

Carmaker Toyota (TYO: 7203.T; NYSE: TM; LSE: TYT) was down 2 percent to ¥6,280 and game console manufacturer Nintendo (TYO: 7974; NAS: NTDOY; FWB: NTO) fell 3.1 percent to ¥68,400.

Toymaker and distributor Tomy (TYO: 7867), however, added 8.3 percent to ¥744 said that profits doubled in its first half on sales of Transformer toys and Nintendo consoles.

Tokyo’s markets were higher as brokerages gained on the news that Citigroup (NYSE: C) has said it will buy out minority shareholders in Nikko Cordial (TYO: 8603; SGX: N06).

Citigroup already owns 68 percent of the brokerage.

The Nikkei 225 added 0.9 percent to 17,199.89, while the Topix index gained 1.48 percent to 1,664.01 and the Mothers market jumped 5.03 percent to 794.35.

The announcement from Citigroup sent Nikko’s shares up by the daily limit of 13.7 percent to ¥1,662.

Elsewhere in the sector, Nomura Holdings (TYO: 8604; NYSE: NMR; SGX: N33) was 4 percent higher to ¥3,090 while Daiwa Securities (TYO: 8601) gained 5.8 percent to ¥1,178.

Banks were also higher.

Mitsubishi UFJ (TYO: 8306; NYSE: MTU) was up 4 percent to ¥1,158 and Mizuho added 4.5 percent to ¥691,000.

Elsewhere, steel maker JFE (TYO: 5411) was 3.1 percent higher to ¥8,370 on the announcement that it will raise prices on steel plate by 15 percent as well as on the news that it will partner with Toshiba (TYO: 6502; LSE: TOS) to design and manufacture small and medium-sized steam turbines for power plants.

Toshiba gained 2.4 percent to ¥1,091 on the news.

In the electronics sector, Nintendo (TYO: 7974; NAS: NTDOY; FWB: NTO) added 2.7 percent to ¥1,700 but Matsushita Electric Industrial (TYO: 6752) dropped 2.5 percent to ¥2,125 after production at one of its battery factories was shut down due to a fire.

Tokyo’s equities markets saw significant gains Wednesday after the Fed’s move to cut US interest rates on Tuesdady and after the Bank of Japan voted Wednesday to hold its overnight rate at 0.5 percent.

Most analysts had expected the Japanese central bank to keep rates at their present level.

The Nikkei 225 added 3.67 percent to 16,381.54, while the Topix index gained 3.75 percent to 1,567.58 and the Mothers market was up 2.08 percent to 633.34.

Banks were higher on the session.

Mizuho (TYO: 8411; NYSE: MFG) was 4.5 percent higher to ¥632,000, while Sumitomo Mitsui (TYO: 8316) added 5.8 percent to ¥821,000 and Mitsubishi UFJ (TYO: 8306; NYSE: MTU) gained 6.1 percent to ¥1.05 million for its biggest one-day gain in nearly two years.

Soaring oil prices sent shares related to that sector higher.

AOC Holdings (TYO: 5017) was up 4.3 percent to ¥1,812, while refiner Cosmo Oil (TYO: 5007) was 6.3 percent higher to ¥578 after it said that International Petroleum Investment Co, Abu Dhabi’s state-controlled oil company, will become its biggest shareholder by purchasing a 20.85 percent stake.

Trader Itochu (TYO: 8001), which deals in industrial fuel, added 6.7 percent to ¥1,328.

Oil explorer Inpex jumped 8.9 percent to ¥1.22 million for its biggest one-day gain since it listed in 2006.

Exporters also saw gains on hopes that the Fed’s move will support demand in the United States.

Camera maker Canon (TYO: 7751; NYSE: CAJ) added 3.5 percent to ¥6,300, while Toyota Motor (TYO: 7203.T; NYSE: TM; LSE: TYT) and Nintendo (TYO: 7974; NAS: NTDOY; FWB: NTO) gained 5.4 percent to ¥58,600.

The Tokyo equities markets were higher Friday after the yen weakened, sending export-focused stocks higher.

The Nikkei 225 was 1.94 percent higher to 16,127.42.

The Topix index gained 1.43 percent to 1,544.71, while the Mother’s market was up 1.34 percent to 637.25.

In the electronics sector, Sony (TYO: 6758; NYSE: SNE) was up 2.1 percent to ¥5,420.

Digital camera maker Canon (TYO: 7751; NYSE: CAJ) added 2.7 percent to ¥5,990, while Matsushita Electric Industrial (TYO: 6572; NYSE: MC) gained 3.9 percent to ¥2,045 on an upgrade from “neutral” to “buy” from Goldman Sachs (NYSE: GS).

Game console manufacturer Nintendo (TYO: 7974; NAS: NTDOY; FWB: NTO) jumped 5.6 percent to ¥55,100 on sales of its Wii console, which sold many more units than Sony’s PlayStation 3 in August in the United States.

Among carmakers, Toyota Motor (TYO: 7203.T; NYSE: TM; LSE: TYT) was up 2.4 percent to ¥6,530 on reports that it will build its first new factory in Japan in nearly 20 years.

Banks gained on a JP Morgan (NYSE: JPM; TYO: 8634) recommendation to buy.

Sumitomo Mitsui (TYO: 8316) was 3.9 percent higher to ¥821,000, while Mitsubishi UFJ (TYO: 8306; NYSE: MTU) added 4 percent to ¥1.04 million and Mizuho (TYO: 8411; NYSE: MFG) was up 4.5 percent to ¥657,000.

Brewer Sapporo (TYO: 2501) gained 7.9 percent to ¥742 on a possible bid from Steel Partners, a US hedge fund.

Tokyo’s markets dropped again Friday on continuing worries about the condition of the property market there.

The Nikkei 225 was 0.83 percent lower to 16,122.16, while the Topix index dropped 0.73 percent to 1,557.02 and the Mothers market dipped 0.93 percent to 704.82.

The real estate sector was down 1.5 percent as a whole after the head of a major Japanese house builder said that the nation’s real estate price bubble could burst soon.

Sumitomo Realty & Development (TYO: 8830) fell 1.8 percent to ¥3,310.

In a related sector, house builder Daiwa House (TYO: 1925) was 1 percent lower to ¥1,435.

Banks were lower as well, dropping 2.2 percent as a sector.

Mitsubishi UFJ (TYO: 8306; NYSE: MTU) was down 1.9 percent to ¥1.06 million, while Sumitomo Mitsui Financial Group (TYO: 8316) fell 3 percent to ¥846,000 and Mizuho Financial (TYO: 8411; NYSE: MFG) dropped 3.4 percent to ¥678,000.

Exporters fell on the news that US house foreclosures were at an all-time high in the US in the second quarter.

Carmaker Toyota Motor (TYO: 7203.T; NYSE: TM; LSE: TYT) was 0.5 percent lower to ¥6,600, while Nintendo (TYO: 7974; NAS: NTDOY; FWB: NTO) was down 1.5 percent to ¥52,900 on the Osaka exchange and camera maker Canon (TYO: 7751; NYSE: CAJ) dropped 2.3 percent to ¥6,280.

But some commodities-related shares were higher on higher prices for oil and gold.

Inpex (TYO: 1609) was up 1.9 percent to ¥1.07 million while Japan Petroleum Exploration (TYO: 1662) added 6.5 percent to ¥7,880.

Sumitomo Metal Mining (TYO: 5713) gained 2.2 percent to ¥2,340.

In Tokyo the Nikkei 225 was up 0.88 percent Thursday to 16,153.82, while the Topix index added 0.69 percent to 1,568.23 and the Mothers market gained a bare 0.03 percent to 716.29.

Volume was low, with only around 1.52 billion shares trading hands during the session.

Traders were up on higher oil prices.

Mitsubishi Corp (TYO: 8058; OTC: MSBHY) was up 3.7 percent to ¥3,080, while Mitsui & Company (TYO: 8031) was 1.4 percent higher to ¥2,260 on reports that it has won a contract in conjunction with a South Korean engineering and construction group to build a diesel processing plant in Egypt.

Also higher on higher oil prices was refiner Nippon Oil (TYO: 5001), which added 4.3 percent to ¥937.

Electronics-related companies were also higher after the yen weakened.

Sony (TYO: 6758; NYSE: SNE) gained 1.2 percent to ¥5,290, while rival game-console maker Nintendo (TYO: 7974; NAS: NTDOY; FWB: NTO) was up 2.5 percent to ¥53,300 in Osaka.

Retailers were down on the session after new data revealed that retail sales were down by 2.2 percent in July against an expected drop of only 0.8 percent.

Mitsukoshi Ltd (TYO: 2779) was 2.4 percent lower to ¥521, while clothing retailer Fast Retailing fell 3.1 percent to ¥6,670.

The slide in consumer confidence in the US hurt exporters in Tokyo, where the Nikkei 225 dropped 1.69 percent to 16,012.83 and the Topix was down 1.71 percent to 1,557.55 on Wednesday.

The Mothers market of small and mid-caps fell 2.09 percent to 716.06.

A major exception to the declines was the internet sector.

In the internet sector, price-comparison site Kakaku.Com (TYO: 2371) gained 15 percent to ¥314,000 after it said it will sell part of its travel information unit to Yahoo! Japan (TYO: 4689).

Yahoo! Japan added 4.6 percent to ¥43,450 on the announcement.

Manufacturers of motor vehicles were mixed on the session.

While Toyota Motor (TYO: 7203.T; NYSE: TM; LSE: TYT) dropped 2 percent to ¥6,530, truck maker Isuzu Motors (TYO: 7202) added 4.4 percent to ¥598 after it said it is planning to raise operating profit by expanding sales overseas.

Camera maker Canon (TYO: 7751; NYSE: CAJ) fell 2.1 percent to ¥6,400, while in Osaka game console maker Nintendo (TYO: 7974; NAS: NTDOY; FWB: NTO) was 3.7 percent lower to ¥52,000. Financial services also saw declines.

Among banks, Mitsubishi UFJ (TYO: 8306; NYSE: MTU) fell 0.9 percent to ¥1.1 million, while Sumitomo Mitusi (TYO: 8316) was down 1.3 percent to ¥890,000.

Broker Nomura Holdings (TYO: 8604; NYSE: NMR; SGX: N33) was 1.6 percent lower to ¥1,987.

The real estate sector was down 2.1 percent as a whole, while Sumitomo Realty & Development (TYO: 8830) dropped 3.3 percent to ¥3,760.

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 the Nikkei 225 closed 2.4 percent lower to 17,283.81 on Friday, while the Topix index ended the session at 1,699.71, a drop of 2.2 percent.

The Mother’s market of small and mid-caps was down 1.51 percent to 839.27.

Export sectors were hit hard by worries that the global economy could slow.

Among carmakers, Toyota (TYO: 7203.T; NYSE: TM; LSE: TYT) fell 1.6 percent to ¥7,260, it lowest share price in six weeks, while Honda (TYO: 7267; NYSE: HMC) dropped 2.5 percent to ¥4,310.

Camera manufacturer Canon (TYO: 7751; NYSE: CAJ) was 5.5 percent lower to ¥6,510 even though it reported that its net profits were up 19 percent in the first half of 2007.

Games maker Nintendo (TYO:7974; NAS: NTODY; FWB: NTO) was down 6.2 percent to ¥58,000.

Shipper Mitsui OSK Lines (TYO: 9104) dropped 2.7 percent to ¥1,782.

Domestic sectors were also lower, still worried about Sunday’s elections as polls continue to say that the ruling Liberal Democrats could lose control of the Upper House of parliament.

In the retail sector, Seven & I (TYO: 3382) fell 1.2 percent to ¥3,390, while supermarket chain Aeon (TYO: 8267) was 4.6 percent lower to ¥1,917.

Among banks, Mitsubishi UFJ (TYO: 8306; NYSE: MTU) was down 3 percent to ¥1,290,000.