Nikkei dragged down by banks on poor earnings guidance

Thu May 16, 2013 2:08am EDT

TOKYO, May 16 (Reuters) - Japan's Nikkei stock average fell
on Thursday, reversing from a fresh 5-1/2-year high earlier in
the session, after banks offered poor earnings guidance and as
investors pocketed recent gains amid caution over market
    The benchmark Nikkei dropped 0.4 percent to
15,037.24 points, after rising as high as 15,155.72, a level
last visited in January 2008.
    The Topix shed 0.6 percent to 1,245.23.
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