Asia markets closed mixed on Friday, as traders trimmed holdings ahead of the key July non-farm payroll report in the U.S., due later Friday.
The Nikkei 225 ditched 0.44 points to 16,254.45, posting a weekly loss of 2%.
In Hong Kong, the Hang Seng Index ballooned 313.86 points, or 1.4%, to 22,146.09
Earlier this week, Japanese stocks sold off on the back of a stronger yen as investors appeared to have been disappointed with the stimulus measures announced by the government and the central bank in Japan.
But not all analysts were convinced that the Bank of Japan's monetary policy was working.
Since the central bank announced last week that it would only increase its purchase of exchange-traded funds, while keeping interest rates and its purchases of Japanese government bonds unchanged, JGB yields have risen.
The Japanese yen traded at 101.02 U.S., similar to levels on Thursday afternoon.
In Japan, Nikon shares climbed to close up 4.4%, lower than the 8% gain posted in early trade, after the company announced its first quarter earnings results on Thursday.
The electronics maker reported net profit rose 176.2% to 11.49 billion yen ($113.31 million U.S.), up from 4.16 billion yen in the three months ended June 30, 2015.
For the full year, Nikon left its net profit forecast unchanged at 30 billion yen.
Australian markets advanced, with the energy moving forward 1.2%, and materials sub-index taking on 1.7%. For the week, the index posted a weekly loss of 1.2%
In company news, airline carrier Virgin Australia reported a loss of 224.7 million Australian dollars ($171.74 million U.S.) for the fiscal year ended June 30, citing a previously announced pre-tax restructuring charges.
Underlying profit before tax came in at A$41 million, which was in line with guidance, and up by A$90.1 million on-year. The company did not declare or pay any dividends for the year ended June 30, 2016.
Virgin Australia shares closed up 2.1%
Energy players in Asia and Australia traded mostly higher, with Santos adding 1.5%, Woodside Petroleum gaining 1% and Inpex up 1%
In other markets
The Shanghai CSI 300 picked up 3.82 points, or 0.1%, to 3,205.11
The Taiex Index in Taiwan added 67.41 points, or 0.8%, to 9,092.12
In Singapore, the Straits Times Index fell 3.79 points, or 0.1%, to 2,828.17
In Korea, the Kospi moved up 17.91 points, or 0.9%, to 2,017.94
In New Zealand, the NZX 50 took on 10.34 points, or 0.1%, to 7,308.42
The ASX 200 gained 21.6 points, or 0.4%, to 5,497.41
