Nikkei down 0.6 pct, banks fall on economic worry

(Updates to midday)

TOKYO, Aug 8 (Reuters) - Japan's Nikkei stock average fell 0.6 percent on Friday, with banks such as Mitsubishi UFJ Financial Group (8306.T) suffering sharp declines due to the bleak outlook for the domestic economy.

But Toyota Motor Co (7203.T) rose after the world's biggest automaker kept its forecasts unchanged despite posting a 28 percent drop in quarterly net profit on a strong yen and slumping U.S. sales. [ID:nT303458]

The benchmark Nikkei .N225 ended the morning down 74.03 points at 13,050.96, while the broader Topix lost 0.9 percent to 1,247.85.