Japanese equities slid further on Friday as hopes for monetary easing in the US and Europe faded. Moreover, news that China will stick to its prudent monetary policy sent Japan's stocks lower. Nikkei 225 Index plunged 1.13% to end the week at 8,555.11. On the upside were oil and gas companies as well as consumer services. Inpex and JX Holdings rose 0.12% and 2.43%. Toyota Motor advanced by 0.66% ahead of its quarterly results release due on Friday after the market close. Meanwhile, technology and industrial stocks dragged the index lower. Sharp sank 28.09% after reporting a net loss of JPY138.40. The company also announced it plans to reduce number of employees to cut costs. Shares of Sony plunged 6.72% as the firm posted wider than expected net loss and cut its full-year income outlook.