Japanese stocks fall

Japanese stocks gave up their gains and closed flat on Friday with the decliners that led the rally recently, while investors awaited a seminar by the Federal Reserve next week.

The Japanese Nikkei index closed down 0.4 percent at 28,930.33 points. It had opened with an increase of 0.53 percent to exceed the barrier of 29 thousand points. The index lost 0.96 percent on Thursday, but gained 1.07 percent for the week.

The broader Topix index closed 0.2 percent higher.

Among the 225 component stocks of the Nikkei index, 145 closed at a high, 73 fell, and seven remained unchanged.

Shares of Fast Retailing, which operates clothing stores including Uniqlo, fell 1.25 percent, which had the biggest impact on the index.

The stock of Trend Micro Electronic Security Company suffered the largest loss, dropping three percent.

Daiichi Sankyo Pharmaceutical Co. fell 2.62 percent. Nippon Glass Co. fell 2.69 percent, after rising 5.28 percent on Thursday.

Fujikura, the electrical component maker, was the best performer, rising 6.6 percent.

The energy sector was the biggest gainer, up by 1.45 percent, while shares of health care companies recorded the largest decline at 0.89 percent.