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* Financial and exporters fall on profits
* The rally of mining stocks after the rise of oil prices to their highest level in 5 months
* Yaskawa Electric's revenues are concentrated this week
By Ayai Tomisawa
TOKYO, April 8 (Reuters) – Japan's Nikkei edged down Monday morning, with investors cautious ahead of earnings season, although US job growth was higher than expected in March. drop.
The average Nikkei share was weakened by 0.1% to 21,789.34 at the midday break, after a slight rise and a rise to 21,900.55, the highest level since the early December.
In the US, the Ministry of Labor said the non-farm payroll rose by 196,000 in March, surpbading the 180,000 new jobs forecast by economists polled by Reuters.
In Tokyo, investors have taken money on the table of recent gains such as financial stocks and exporters.
"While the Nikkei has surpbaded its March peak of 21,860, profit taking has begun," said Ryohei Yoshida, Senior Technical Analyst at Daiwa Securities.
He added that there was some expectation at the absence of significant movements on the benchmark, the Nikkei being finished at 21,850 titles at the Chicago Mercantile Exchange Friday.
"Investors are also becoming sensitive to dollar-yen levels, as Japanese companies will soon report their profits and forecasts," Yoshida said.
Factory automation equipment manufacturer, Yaskawa Electric, to report its annual results on Thursday,
Financial stocks, which had recently risen, were down, with a 1.2% decline in the Mitsubishi UFJ financial group, a 1.1% decline in the Sumitomo Mitsui financial group, and a 1.5% decline in the portfolio. Dai-ichi Life Holdings.
The chip equipment manufacturers were also in the red, with Tokyo Electron eliminating 1.4% and Shin-Etsu Chemical, 1.2%.
Conversely, mining stocks attracted buyers after oil prices reached their highest level in five months as a result of ongoing OPEC supply cuts and US sanctions against Iran and Venezuela.
Inpex Corp grew by 1.7% and Japan Petroleum Exploration Co. by 0.8%.
On the other hand, Aeon Co fell 3% after the company reduced its net profit outlook for the fiscal year up to February, from 35 billion yen to 23.6 billion yen, sales were dragged down by natural disasters last year.
The broader Topix fell 0.3% to 1,620.25. (Edited by Shri Navaratnam)
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