Topix down 3 pct on earnings, recession jitters

TOKYO, April 14 (Reuters) - The broad-based Topix index shed 3 percent on Monday, with exporters such as Canon Inc (7751.T: Quote, Profile, Research, Stock Buzz) hit by a stronger yen and further evidence the United States may be in recession, while KDDI Corp (9433.T: Quote, Profile, Research, Stock Buzz) tumbled after cutting its profit forecast.

As of 0353 GMT, the TOPIX declined 3 percent to 1,239.69, and the benchmark Nikkei average .N225 lost 3.4 percent to 12,867.11. (Reporting by Aiko Hayashi)