(Updates at 0600 GMT)
TOKYO, June 7 (Reuters) - Japan's Nikkei share average
was little changed on Friday as investors sought further
direction from a key U.S. jobs report due later in the day and
central bank meetings in the United States and Japan next week.
The Nikkei closed at 38,683.90, down 0.05% on the
day. For the week, it rose 0.44%.
Of the 225 stocks on the Nikkei, 121 rose and 104 fell.
The broader Topix was also largely flat, inching
down 0.08% to 2,755.03. The index posted a 0.63% loss for the
week.
"It was hard for investors to actively buy stocks ahead of
key data and events," said Jun Morita, general manager of the
research department at Chibagin Asset Management.
"Particularly, the market was cautious about what sort of
message the Bank of Japan (BOJ) would send when the global
central banks are on track for rate cuts."
The U.S. nonfarm payrolls report, due at 1230 GMT, is
expected to provide clues on the timing of Federal Reserve
interest rate cuts.
Overnight, the European Central Bank cut interest rates for
the first time in nearly five years. The Bank of Canada pipped
the ECB to become the first G7 country to cut rates in this
cycle on Wednesday.
Among individual stocks, Shionogi ( SGIOF ) tanked 14% after
the company said its weight-loss drug failed to achieve the
weight-loss target rate of 5% in a test.
Chip-related stocks Tokyo Electron ( TOELF ) and Advantest ( ADTTF )
fell 0.78% and 2.29%, respectively. Technology investor
SoftBank Group slipped 0.58%.
The utility sector fell 1.29% to become the worst
performer among the Tokyo Stock Exchange's 33 industry
sub-indexes.
On the other hand, Lasertec ( LSRCF ) jumped 4.87% to become
the top percentage gainer on the Nikkei. However, the stock
declined 10.6% for the week amid an allegation of improper
accounting practices by Scorpion Capital, which the microchip
equipment maker denied.
(Reporting by Junko Fujita; Editing by Subhranshu Sahu and
Varun H K)