LOS ANGELES – Japanese stocks weakened in early Thursday trading as the yen rose and Wall Street ended mixed, with the Nikkei Stock Average falling 1.2% to 15,929.74 after a 1.9% advance a day earlier. With the yen slightly firmer than in the previous session, some investors sold currency-sensitive exporters, with Fanuc Corp. down 2%, Kyocera Corp. off 1.9%, and Fujitsu Ltd. losing 2.3%. News that China would lift a ban on some sales of videogame consoles had sent shares of Nintendo Co. shooting 11% higher on Wednesday, but apparent profit-taking sent the stock down 4.2% in early Thursday action. Shares of rival Sony Corp. , however, followed with a 4% rise, also possibly buoyed by a Nikkei Asian Review report that it was planning a "smartphone offensive" in the U.S. and China. Canon Inc. fell 2% on a separate Nikkei report that the company's 2013 operating profit would miss forecasts. Toshiba Corp. rose 2% as U.S. audio firm Skullcandy Inc. said the Japanese conglomerate would license the Skullcandy name for use in marketing laptops. Retailers also traded mostly weaker, with stock in Fast Retailing Co. retreating 2.9% ahead of its quarterly earnings.
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