Asian stock markets took a breather Monday and were largely unchanged from Friday's close, after posting their best weekly gain in more than three months last week. Japan and South Korea both closed a touch lower.
Bank of Japan Governor Toshihiko Fukui warned that the U.S. economy risks further slowdown if ongoing adjustments in its housing sector deepen further.
Tokyo's Nikkei 225 Average ended slightly lower after gaining more than 5 percent the previous week, as exporters such as Canon slipped on a slightly stronger yen. But domestic demand-reliant shares such as property firms supported the market as investors put money into stocks that are less sensitive to currency moves.