Japanese shares dip; investors wary ahead of earnings, c.bank decisions

* Investors lock in recent profits, pushed Huawei suppliers
lower
* Keyence , Tokyo Electron slip after Apr-June results
* SoftBank Group climbs 7th session in row on
T-Mobile-Sprint deal
* More earnings coming up this week; Murata on Wed, Toyota
on Fri

By Tomo Uetake
TOKYO, July 29 (Reuters) - Japanese stocks fell on Monday on
profit-taking in otherwise subdued trading, as investors showed
caution ahead of corporate earnings reports and policy decisions
from the Bank of Japan and U.S. Federal Reserve later this week.
The benchmark Nikkei share average .N225 dropped 0.2% to
21,616.80, to pull further back from a 2-1/2-month high hit on
Thursday, despite positive cues from Wall Street.
.N/C [ Profit taking hit Japanese suppliers of electronic parts to
China's Huawei HWT.UL . Murata Manufacturing 6981.T shed
2.0%, TDK Corp 6762.T slipped 1.7% and Taiyo Yuden Co 6976.T
dipped 2.0%.
These shares had benefited last week on word that U.S.-China
trade talks were resuming, but they lost their bounce on Monday
as expectations were low for any breakthrough during the talks
between negotiators in Shanghai.. "Some manufacturers disappointed the market with earnings
misses last week. That's weighing on investor sentiment today,"
said Masahiro Suzuki, senior quant analyst at Daiwa Securities.
Keyence Corp 6861.T slumped 4.4% after the factory
automation products maker's operating profit for the April-June
quarter fell by 15% from a year earlier. Tokyo Electron 6857.T dropped 0.8% after the chip-making
gear supplier said its operating profit for April-June fell 41%
year-on-year, a much bigger fall than the analyst consensus,
after the market close on Friday. Bucking the overall weakness, Nikkei heavyweight SoftBank
Group Corp 9984.T jumped 3.9% after the U.S. Justice
Department said T-Mobile TMUS.O won an antitrust approval for
its $26 billion merger of rival Sprint Corp S.N . Also, SBG's chief executive Masayoshi Son said on Monday
that the company will invest $2 billion in ride-hailing app
Grab. The broader Topix .TOPX edged down 0.2% to 1.568.57.
Turnover on the Tokyo Stock Exchange's main board was subdued at
1.74 trillion yen ($16.0 billion) versus the daily average of
2.33 trillion yen over the past year.
Japan's April-June quarter corporate earnings season gets
into full swing this week, with Fanuc Corp 6954.T , Komatsu
6301.T and Hitachi 6501.T announcing results after the
market close on Monday, while Murata Manufacturing and Toyota
Motor's 7203.T results were due on Wednesday and Friday,
respectively.
The Bank of Japan is expected to keep its massive stimulus
programme unchanged at the end of a two-day meeting on Tuesday,
while the U.S. Federal Reserve is widely expected to cut
interest rates later this week. = 108.6400 yen)