TOKYO, March 10 (Reuters) - Japan's Nikkei share average dropped more than 1% on Friday after a five-day winning streak, as financial and tech stocks tumbled, taking cues from an overnight slump on Wall Street.
Automakers also slid as the yen rebounded further from a multi-month low, cutting the value of overseas sales. Seven & i Holdings plunged about 5% to lead Nikkei decliners after announcing more supermarket closures and an exit from the apparel business.
Investors were largely unconcerned about a Bank of Japan policy decision later in the day, with no changes expected from Governor Haruhiko Kuroda's last meeting before retirement.
However, a crucial U.S. jobs report is also due on Friday, which could shape the scale of a Federal Reserve rate increase this month.
The Nikkei dropped 1.1% to 28,309.18, as of 0142 GMT, after touching a more than six-month high of 28,734.79 on Thursday.
Every sector was down, with financials leading the way with a 1.8% drop. Of the index's 225 components, 188 fell against 32 that rose and five that were flat.
The broader Topix slumped 1.2% to 2,047.00, retreating from Thursday's 17-month high of 2,071.60.
Overnight, the U.S. S&P 500 index tumbled 1.8%, and E-mini futures pointed to a further 0.4% decline at the reopen.
"Compared to the decline in the U.S., the bottom for Japanese stocks feels relatively firm," said Kazuo Kamitani, an equity strategist at Nomura Securities, adding that investors would be keeping an eye on whether the Nikkei can keep above this week's closing low of 28,237 from Monday.
"In terms of Japanese monetary policy, there's very little indication in the stock market of any expectation for a change."
Chiba Bank was the Nikkei's biggest decliner after Seven & i, slumping about 4%. Startup investor SoftBank Group was next with a 3.8% slide. Sony dropped 2.9%.
Among automakers, Mitsubishi Motors lost 2.3%, Nissan slid 1.8% and Toyota slipped 0.8%.
Printers were standout winners though. Dai Nippon Printing surged 7.3% after announcing a share buyback. Peer Toppan gained 7.3%. (Reporting by Kevin Buckland; Editing by Subhranshu Sahu)
