By Myra P. Saefong
TOKYO (MarketWatch) -- Japanese shares followed Wall Street lower in early trading Wednesday, weighed down by news that China's central bank raised its reserve requirements and as most exporter stocks declined on the back of recent strength in the yen. Japan's Nikkei 225 Average fell 0.5% to 10,825.47 and the Topix lost 0.2% to 952.71. Among the exporters, shares of Elpida Memory Inc. (JP:6665 1,724, -22.00, -1.26%) (ELPDF 13.70, -0.20, -1.44%) fell 1.2%, Nissan Motor Co. (JP:7201 823.00, +16.00, +1.98%) (NSAN.Y 17.72, +0.12, +0.68%) lost 1.6% and NEC Electronics Corp. (JP:6723 785.00, +18.00, +2.35%) (NELT.Y 4.18, +0.10, +2.45%) declined 1.8%. Elsewhere, South Korea's Kospi fell 0.7% and Australia's S&P/ASX 200 was 0.8% lower.
