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TOKYO, July 10 (Xinhua) -- The Nikkei stock index lost 0.56 percent Thursday as poor machinery orders data sparked fears about the post sales-tax hike health of the economy and sent the yen slightly higher against the U.S. dollar.

The Nikkei 225 index lost 86.18 points to finish at 15,216.47, while the broader Topix index of all first-section issues dropped 11.57 points, or 0.91 percent http://www.cheapmlbdodgersshop.com/Corey-Seager/ , to close at 1,259.25.

Data released just before the morning bell Thursday showed that Japanese machinery orders posted an unexpectedly sharp fall in May, as companies are seemingly taking a more cautious stance toward capital spending than was originally expected following the April 1 tax hike.

"Demand has declined in many industries. The outcome is likely due to April's tax hike, otherwise it can't be explained," Norio Miyagawa http://www.cheapmlbdodgersshop.com/Chris-Taylor/ , a senior economist at Mizuho Securities Research and Consulting was quoted as saying.

But other economists tried to find the upside to the data, suggesting that such results could prompt the central bank here to take more steps to protect the economy.

"The machinery orders could be taken as a reason for concern that the effects of the sales-tax hike were worse than expected. But they will also give hope that the Bank of Japan and government will take steps to counter the harm to the economy," said Koichi Kurose, chief economist at Resona Bank Ltd.

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Top automaker Toyota skidded down 0.97 percent to close at 6, 003 yen, while Canon, the world's largest camera maker http://www.cheapmlbdodgersshop.com/Mike-Piazza/ , fell 1.36 percent to finish at 3,261 yen.

Brokerages stayed under pressure, with Nomura retreating 3.2 percent to 676 yen, while Daiwa Securities Group Inc. relinquished 1.7 percent to close at 854 yen.

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Children's correspondence education service provider, Benesse Holdings, slumped 4.9 percent to 4,145 yen, following reports Wednesday that more than 20 million of its customers had their personal information leaked.

Justsystems tumbled 14.8 percent to 839 yen http://www.cheapmlbdodgersshop.com/ , after reports claimed the software developer used the leaked information to send direct mail.

Tokyo Individualized Educational Institute, which operates under the Benesse group, fell 8.5 percent to 419 yen, following the cram school operator saying its non-consolidated net loss came to 539 million yen in the March-May quarter.

Trading volume on Thursday dropped to 1.97 billion. Cheap Pelicans Jerseys   Cheap Magic Jerseys   Cheap Lakers Jerseys   Cheap Knicks Jerseys   Wholesale Jazz Jerseys   Wholesale Heat Jerseys   Wholesale Blazers Jerseys   Wholesale 76ers Jerseys   Wholesale Paris Saint-Germain Jerseys   Wholesale Liverpool FC Jerseys 

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