Japanese stock markets took a breather Friday from this week's rally, while most other Asian indices closed lower, despite a strong lead from Wall Street.
The Nikkei 225 closed down 0.47 percent, as investors took profits following Thursday's 2 percent rally. Meanwhile, South Korea's Kospi finished the trading day 1.3 percent down, as investors remained cautious over tensions with North Korea.
In Japan investors were taking a more cautious approach, after central bank governor Haruhiko Kuroda acknowledged that the Bank of Japan's (BOJ) ambitious inflation target is flexible and said he was looking out for signs that excess liquidity was not causing bubbles in stock or other asset markets.
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But Goldman Sachs upgraded on Thursday its target for the Nikkei from 15,000 to 16,000 over the next 12 months on the back of the BOJ's easing program.
In Australia, shares edged up 0.13 percent. The benchmark was, however, up 2.5 percent for the week, its first rise in five weeks.