Nikkei flat as markets switch between optimism and cautiousness

<p>Japan’s Nikkei remained flat today amid weaker yen.</p>

Japan's Nikkei remained flat today (September 5th), as investors were torn between optimism on exports and cautiousness ahead of the release of fresh US employment data.

The market was driven by the yen's depreciation against the US dollar after the European Central Bank announced it was going to cut interest rates to record lows, along with plans to buy asset-backed securities and covered bonds in October.

However, investors remained cautious in anticipation of the publication of the US non-farm jobs report due later today.

Economists expect it will show that 225,000 new jobs were added last month, following a gain of 209,000 in July, according to the Wall Street Journal.

The Nikkei dropped 0.1 per cent to 15,668.68, while the broader Topix declined 0.3 per cent to 1,293.21, and the new JPX-Nikkei Index 400 shed 0.3 per cent to 11,732.03. 

The 225-issue Nikkei Stock Average was up 0.17 per cent to 15,702.48.

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