Nikkei falls to near 3-week low on bank weakness; Lawson shines

miércoles 14 de septiembre de 2016 22:32 GYT

* Lawson jumps as much as 7 pct on takeover talk

* Uncertainty over BOJ action next week is rattling investors

* Financial stocks underperform on fears of deeper negative rates

By Ayai Tomisawa

TOKYO, Sept 15 (Reuters) - Japan's Nikkei share average fell to near three-week low on Thursday as uncertainty over the Bank Of Japan's policy review next week continued to take a toll on banking stocks.

On the other hand, convenience store operator Lawson Inc surged 7 percent after the company and Mitsubishi Corp said Mitsubishi was considering a takeover of Lawson, though they added that no decision had been made.

The Nikkei fell 1.5 percent to 16,359.78 in midmorning trade, the lowest since Aug. 26.

Traders said investors were nervous ahead of the BOJ's Sept. 20-21 meeting, fearing it may cut interest rates more deeply into negative territory.

"Worries that the BOJ is struggling to come up with effective policy are making investors risk averse," said Yoshinori Shigemi, global market strategist at JPMorgan Asset Management.   Continuación...