Japan's Nikkei down 1.6 percent, banks hit

(Updates to midsession)

TOKYO, Nov 16 (Reuters) - The Nikkei average fell 1.6 percent on Friday, with Mizuho Financial Group Inc (8411.T: Quote, Profile, Research, Stock Buzz) and other bank shares tracking falls in U.S. financial shares on growing credit woes.

The Nikkei average .N225 ended the morning session down 245.62 points to 15,150.68. The broader TOPIX index lost 1.96 percent to 1,469.50. (Reporting by Taiga Uranaka)