Japanese stocks extended losses to its lowest level in three weeks ahead of Janet Yellen's remarks

Japanese shares ended the trading on Friday in the last week's sessions, lower extending losses for the second day in a row, marking the lowest level in three weeks, due to the local currency the yen rise, and weak economic data , and markets later in the day waiting for Janet Yellen's comments president of the Federal Reserve "Fed" in search of new evidence concerning the future of raising interest rates.

The Nikkei average closed lower of about 195.24 points or 1.18 percent to 16,360.71 points, its lowest closing level since the fifth of August.

The Topix index fell 16.37 points or 1.26 percent to 1,287.90 points, the index lost about 2.3 throughout the week in the second weekly loss in a row.

The yen rose 0.1 percent against the US dollar, to trade around 100.40 yen per US dollar, after weak data from Tokyo showed the continuing recession levels of inflation during July.

Core consumer price index showed a drop of 0.5 percent in July, less than the average forecast of a decline of 0.4 percent, and the index showed a drop of 0.5 percent in June.

Toyota Motor shares, "the largest car producer in the world," fell 3.4 percent after City Krupp reduced future share expectations, and attributed this to the strength of the yen exchange rate against European currencies that will hurt the competitiveness of the prices of cars manufactured in Japan, and on this basis also Mazda shares Motor dropped 1.9 percent.

Futures for the S & P 500 fell 0.1 percent, and the index closed yesterday's session on Wall Street, down by 0.1 percent in the second daily loss in a row.

By Janet Yellen speaks at 14:00 GMT at the annual Jackson Hole conference, which includes most of the governors of the world's central banks, and Yellen is expected to provide new evidence concerning the future of US monetary policy and raise interest rates.