Nikkei edges up but wary ahead of US jobs data, Toray up after earnings

  • Reuters
  • Stock Market News
Nikkei edges up but wary ahead of US jobs data, Toray up after earnings
Credit: © Reuters.

TOKYO, Aug 7 (Reuters) - Japan's Nikkei share edged up on Friday as investors bought shares in companies with solid earnings such as Toray 3402.T and Softbank 9984.T , erasing earlier losses on profit-taking.

But investors were cautious ahead of key U.S. jobs data which could prompt the U.S. Federal Reserve to start raising interest rates as early as September.

The Nikkei average .N225 rose 0.3 percent to 20,724.56 points for a weekly gain of 0.7 percent. The broader Topix .TOPX gained 0.3 percent to 1,679.19, and up 1.2 percent for the week.

Exporters also held firm as the yen stayed not far from a 13-year low against the dollar hit in June, with Panasonic 6752.T rising 1.6 percent and Toyota Motor 7203.T rising 1.0 percent.

(Editing by Kim Coghill)

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