Japan’s Nikkei share average edged lower on Thursday as negotiations to avert a Greek debt default stumbled, but the underlying sentiment remained bullish a day after the benchmark hit its highest level since late 1996.

The Nikkei fell 0.4 per cent to 20,771.40 in the wake of falls in US and European shares after Athens rejected the counter-proposals from creditors.

The broader Topix declined 0.5 per cent to 1,670.91, with the turnover falling about 10 per cent below its 100-day average to ¥2.35 trillion ($19 billion). ($1 = 123.62 yen)

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