Nikkei down, market takes breather; easing hopes may limit decline

TOKYO, Mar 1: Japan’s Nikkei average dropped on Friday as the market took a breather after a sharp rise on the previous day, but losses are likely to be contained on hopes of further monetary easing following the appointment of a new central bank chief.
The Nikkei shed 0.8 percent to 11471.74, after rising 2.7 percent to 11,559.36 on Thursday.
The broader Topix fell 0.4 percent to 971.45. (AGENCIES)