Tokyo: Shares edge down on strong yen

"If Suga succeeds Abe, economic policies will remain unchanged, which is a positive factor for the market," Toshikazu Horiuchi, a broker at IwaiCosmo Securities, told AFP.

Mr Suga, who is chief cabinet secretary, is expected to win support from a majority of fellow LDP lawmakers in the ruling party's leadership election, the mass circulation Yomiuri reported.Trading was sluggish as investors remained sidelined ahead of this week's release of key US indicators, including August payroll figures, brokers said.

Among major shares in Tokyo, Toyota lost 0.38 per cent to 6,979 yen with Honda down 1.02 per cent at 2,701 yen. SoftBank Group dropped 1.19 per cent to 6,519 yen, but Uniqlo-operator Fast Retailing rose 0.15 per cent to 63,380 yen.Japan's jobless rate edged up by 0.1 percentage points to 2.9 per cent in July, slightly better than the market consensus of 3 per cent, official data released by the internal affairs ministry showed before the opening bell.For daily updates on weekdays and specially selected content for the weekend.

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