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Nikkei edges down ahead of government tax plan; market up for fourth week

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(Globalpost/GlobalPost)

TOKYO (Reuters) - Japan's Nikkei share average edged down on Friday, hurt in part by profit-taking and as traders were reluctant to build new positions ahead of an announcement about the government's economic growth and tax strategy next week.

The Nikkei <.N225> dropped 0.3 percent to 14,760.07 after flirting with positive territory earlier in the day. The index added 0.1 percent this week, its fourth straight week of gains.

The Topix <.TOPX> eased 0.2 percent to 1,217.52.

(Reporting by Ayai Tomisawa; Editing by Edwina Gibbs)

http://www.globalpost.com/dispatch/news/thomson-reuters/130927/nikkei-edges-down-ahead-government-tax-plan-market-fourth-week