Japanese shares slip today on the back of some weak earnings reports and a slightly stronger...


Japanese shares slip today on the back of some weak earnings reports and a slightly stronger yen. The Nikkei Average is down 0.5% to 11,315, with exporters leading declines: Sony (SNE -2.2%), Nissan (NSANY.OB -1%), Mazda (MZDAY.PK -2.6%), and Panasonic (PC -2.4%). Earnings disappointments also moved shares of Pioneer (PNCOF.PK -5.8%) down after saying it plans to cut jobs and now expects to post a FY year loss, Olympus (OCPNY.PK -3.3%) also slips after posting a narrower quarterly loss but trimming its own FY forecast due to weak camera sales.
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