TOKYO, Dec 7 (Reuters) - Japan's benchmark Nikkei share average pulled back from a more than 29-1/2-year high on Monday, as investors chose to pocket profits amid some concerns of overheating after five consecutive weeks of gains.
Tokyo stocks opened higher, tracking positive cues from Wall Street's Friday session, before reversing course on profit-taking.
Major U.S. stock indexes rose to all-time highs last week as downbeat U.S. jobs data raised expectations for a new fiscal relief bill. .N
Back home, Prime Minister Yoshihide Suga said on Friday he would decide on an economic stimulus package early this week, adding that green and digital initiatives would be core to the recovery from the coronavirus pandemic. stocks have been prone to profit-booking due to persistent concerns of an overheating market, some market participants said.
Dentsu Group Inc 4324.T inched up 0.85%, after the Japanese advertising giant said it was expecting a smaller net loss for the year ending in December compared to the prior year.
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