Tokyo stocks slip as exporters, banks fall

TOKYO, Aug 24 (Reuters) The Nikkei average fell 0.3 percent on Friday as exporters and financial firms such as Resona Holdings Inc lost ground again after a shaky U.S. economic outlook hit Wall Street.

The benchmark was also taking a breather after recovering more than 6 percent so far this week from last week's sell-off.

But Canon Inc bucked the bearish market trend and jumped nearly 3 percent after it said it would spend up to 100 billion yen (0.6 million) to buy back its own shares over the next month, bringing its total for buybacks this year to 400 billion yen.

The Nikkei ended the morning session down 53.51 points at 16,262.81. The broader TOPIX index shed 0.4 percent to 1,585.25.

REUTERS AK BST0748