Nikkei slips 1.3 pct as techs weigh; Toyota down

TOKYO, April 22 (Reuters) - Japan's Nikkei average fell 1.3 percent on Thursday, with market players saying a weaker futures market and the break of a closely-watched technical level helped trigger long liquidation after the previous day's rally.

Toyota Motor Corp (7203.T) fell 1.4 percent, extending earlier losses after Moody's Investors Service cut the recall-hit firm's credit ratings, saying that it expected the automaker's current low profitability to continue and that litigation costs could be significant. [ID:TOE63L03A]

The benchmark Nikkei .N225 fell 140.96 points to 10,949.09 after earlier falling as much as 2 percent, to 10,866.23. The broader Topix .TOPX shed 0.9 percent to 978.17. (Reporting by Elaine Lies)