(Updates for market close)
By Brigid Riley
TOKYO, Dec 4 (Reuters) - Japan's Nikkei share average
eked out gains to rise for a third straight day on Wednesday, as
a softer yen and buying of retail-related shares helped narrow
morning losses on profit-taking.
The Nikkei rebounded after declining in early trade
to close 0.1% higher at 39,276.39.
The broader Topix was down 0.5% at 2,740.6.
Retail-related shares outperformed in afternoon trade to
boost the Nikkei.
Uniqlo parent firm Fast Retailing ( FRCOF ) climbed 2.4%. The
company on Monday said that Uniqlo's domestic same-store sales
in November increased 12.2% compared with last November.
Ryohin Keikaku ( RYKKF ) jumped 7.1% after the Muji retail
stores operator reported a rise in domestic and online store
sales last month compared to a year ago.
Home interior goods maker Nitori Holdings ( NCLTF ) advanced
3.6%.
Gaming firms Konami Group ( KNAMF ) and Nintendo ( NTDOF )
jumped 2.2% and 2.7%, respectively.
Entertainment conglomerate Sony Group ( SONY ), up 3.3%, was
among exporters to receive a boost as the yen slid against the
U.S. dollar on expectations that the Bank of Japan (BOJ) will
hike interest rates this month.
Japan's major technology shares slipped as investors secured
profit after Tuesday's large gains, but managed to recover some
losses.
AI-focused startup investor SoftBank Group shed
1.7% and chip-making equipment giant Tokyo Electron ( TOELF ) was
mostly flat, up 0.02%. Peer Advantest ( ADTTF ) gained 0.7%.
With monetary policy meetings in both the U.S. and Japan
coming up this month, economic news was in focus, said Kenji
Abe, chief strategist at Daiwa Securities.
The U.S. jobs report is expected on Friday, while the U.S.
CPI and the Bank of Japan's "tankan" survey are due later this
month.
"I think investors are paying a lot of attention to those,"
said Abe.
Focus is also on Federal Reserve Chair Jerome Powell's
speech later in the day for cues into U.S. rate cut path.
Banks faltered, with Resona Holdings ( RSNHF ) ending 4.3%
lower to be the top percentage loser.