Nikkei falls as strong yen bites; small-cap stocks attract buyers
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By Ayai Tomisawa
TOKYO, June 9 (Reuters) - Japan's Nikkei share average fell on Thursday as a strong yen soured the mood and dragged down large-cap shares.
Some small-cap stocks, seen as safe-haven assets for investors cautious before big macro events next week, attracted buyers.
The Nikkei shed 0.8 percent to 16,696.94 in mid-morning trade.
Major exporters lost ground after the dollar dipped 0.2 percent t 106.79 yen, moving back toward Monday's one-month low of 106.35.
Toyota Motor Corp and Honda Motor Co both dropped 1.2 percent, while Panasonic Corp stumbled 2.8 percent.
With major events such as policy meetings by the U.S. Federal Reserve and the Bank of Japan scheduled next week, many investors avoided taking large positions in the Nikkei although some investors took to buying small-cap shares. Continuación...