Tokyo stocks open lower on fears over inflation, economic slowdown

Tokyo - Anxiety over inflation and an economic slowdown in the United States dragged Tokyo stocks down Friday. 

The Nikkei 225 Stock Average declined 40.87 points, or 0.31 per cent, to 13,224.53. 

The broader Topix index of all first-section issues was also down 2.22 points or 0.17 per cent, to 1,295.8. 

On currency markets at 9 am (0000 GMT), the dollar was quoted at 106.69-74 yen, up from Thursday's 5 pm quote of 106.03-04 yen. 

The euro was quoted at 1.5683-86 dollars, down from Thursday's 5 pm quote of 1.5866-67 dollars, and at 167.35-40 yen, down from 168.23-27 yen. (dpa)

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