Tokyo stocks open lower on inflation fears

Tokyo stocks open lower on inflation fearsTokyo  - Tokyo stocks opened lower Friday on growing fears of inflation due to rising oil prices.

The Nikkei 225 Stock Average fell 22.31 points, or 0.16 per cent, to 13,866.29.

The broader Topix index of all first-section issues was also down 6.65 points, or 0.49 per cent, at 1,356.49.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 107.89-94 yen, up from Thursday's 5 pm quote of 107.50-52 yen.

The euro was quoted at 1.5445-50 dollars, up from Thursday's 5 pm quote of 1.5428-30 dollars, and at 166.68-73 yen, up from 165.86-90 yen. (dpa)

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