The Nikkei lost 2.2 percent to close at 17,792.16, shedding 7 percent throughout its fourth straight week of declines, its largest weekly fall since April 2014. Economists polled by Reuters expect the US economy to have produced 220,000 new non-farm jobs last month, continuing the robust employment creation of the past five years, while average hourly earnings are predicted to have risen by a modest 0.2 percent, as they did in July. David Welch, head of equity sales trading at Reorient Group in Hong Kong. Among the other major gainers, Mitsubishi Logistics is advancing nearly 5 percent, Sumitomo Dainippon Pharma is rising 4.6 percent and Kyowa Hakko Kirin is gaining 4 percent. The 225-issue Nikkei average lost 724.79 points, or 3.84 percent, to end at 18,165.69, the lowest level for the day. In the currency market, the dollar firmed slightly against the yen, in line with recovery in global share prices, to 120.65 yen. Traders were however spared from keeping a nail-biting watch on the Chinese share markets, which are closed for a holiday for the rest of the week. The euro softened after the ECB president Mario Draghi said the bank was ready to ramp up its vast bond-buying scheme - known as quantitative easing (QE) - if needed to kick-start the eurozone economy. On Wednesday, U.S payroll processor ADP reported that private payrolls increased 190,000 last month. The probability of an increase in September has fallen to 30 percent, from 38 percent at the end of last week, according to data compiled by Bloomberg. Japan stocks were lower after the close on Friday, as losses in the Electrical/Machinery, Glass and Transportation Equipment sectors led shares lower. Australia, which on Wednesday announced an underwhelming 0.2 percent quarterly growth in GDP, is on the front line; its currency, which was on a par with the greenback two years ago, hit 69.82 USA cents on Tuesday. But as the Nikkei gradually trimmed its early gains and ended lower reflecting weak Chinese stocks, the dollar turned top-heavy around the 120 yen line, temporarily sliding into the 119 yen zone. India's benchmark S&P BSE Sensex index and the 50-share Nifty index slumped 2 percent each, giving up gains from the previous session on offshore losses and anxiety ahead of the U.S.jobs report due later in the global day. Shizuoka Bank jumped 3.2 percent after Barclays raised its rating to overweight from underweight. World indices have seen wild swings on growing fears about China's economy - the world's second biggest and a key driver of global expansion - as its leaders struggle to manage a slowdown in growth. Steelers Lounge http://steelerslounge.com/2015/09/asian-shares-win-reprieve-on-esb-signal-united-states-jobs/2546/

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