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Japanese shares fall on pandemic concerns, Nidec outlook

Message : Required fields TOKYO, April 23 (Reuters) - Japanese shares closed lower on Friday, as stricter government curbs to contain COVID-19 infections raised economic recovery concerns, while a disappointing forecast from Nidec added to the cautious mood at the start of the corporate earnings season. The Nikkei share average fell 0.57% to 29,020.63, while the broader Topix lost 0.39% to 1,914.98. Both indexes declined more than 2% for the week. The market sentiment has gotten weaker since reports on the virus emergency measures started floating this week, said Koichi Kurose, chief strategist, Resona Asset Management. And now, after Nidec disappointed investors, they want to confirm the corporate outlook trend before making bets.

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