Nikkei falls on economic worries, stronger yen

(Updates to midsession)

TOKYO, July 2 (Reuters) - Japan's Nikkei average fell 1 percent on Wednesday, heading for its longest losing streak in more than 40 years as worries about the global economy intensified, with Canon Inc 7511.T and other exporters hurt by a stronger yen. Shippers extended recent losses on concerns that the sector could fall further, while trading houses that had seen recent sharp gains on high oil prices slid as investors locked in profits. The benchmark Nikkei .N225 was down 0.97 percent at 13,331.98, heading for its 10th consecutive losing day, its longest such streak since early 1965. The broader Topix was down 1.1 percent at 1,305.60. (Reporting by Elaine Lies;)