Tokyo shares opened solidly lower Friday, as the yen rose overnight as Cyprus faced down a deadline for an aid deal and after the Bank of Japan's new governor promised more easing but offered few new details. The Nikkei Stock Average lost 1.1% to 12,494.77, erasing much of its 1.3% advance Thursday, while the Topix fell 0.8%. With the dollar falling overnight from above the �96 level to below �95, exporters took the brunt of the selling among the blue chips. Sony Corp. lost 2.8%, Nikon Corp. and Nissan Motor Co. each retreated 2.3%, Bridgestone Corp. dropped 2.6%, and Fanuc Corp. pulled back by 3.1%. Seven & I Holdings Co. fell 1.5% despite a Nikkei news report tipping the owner of 7-Eleven convenience stores to post a record operating profit for the year ended in February. But a few higher-end retailers managed to gain, with Aeon Co. adding 0.3%, and J. Front Retailing Co. Tinching 0.1% higher.

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