Nikkei snaps 3-day winning streak after Fed decision
* Nikkei down 0.3 pct for the week
* Global econ indicators to set market direction for now - traders
* Life insurer tumbles after Fed decision
* Seven & i rises after report saying it will close non-performing stores
By Ayai Tomisawa
TOKYO, Sept 18 (Reuters) - Japan's Nikkei snapped a three-day winning streak on Friday after the U.S. Federal Reserve kept interest rates unchanged on worries about the global economy, while investors refrained from taking large positions before long holidays in Japan.
The U.S. central bank held rates steady in a bow to worries about the global economy, financial market volatility and sluggish inflation at home, but it left open the possibility of a modest policy tightening later this year.
The Nikkei share average dropped 1.6 percent to 18,130.86 in midmorning trade, after rising 2.6 percent over the past three days through Thursday. For the week, the index has dropped 0.3 percent.
Markets in Japan will be closed from Monday through Wednesday for national holidays. Continuación...