Business & Investment

Bank of Japan steadily holds waterfalls in Asia

Stocks in the Asia-Pacific region fell on Thursday as the Bank of Japan announced a decision to stick to monetary policy.

The Nikkei Stock Average in Tokyo fell 278.15 points (1%) to 28,820.09.

Japan’s retail sales fell 0.6% year-on-year, according to government data released Thursday.

The Bank of Japan maintained its interest rate target unchanged on Thursday, while the central bank lowered its real gross domestic product growth outlook and consumer inflation forecast for 2021.

The Japanese yen traded at 113.53 per dollar, stronger than the level above 114 seen earlier in the week.

In Hong Kong, the Hang Seng Index fell 73.01 points (0.3%) to 25,555.93.

The share of oil companies in the Asia Pacific region also declined, with Beach Energy in Australia down 2.8% and Inpex in Japan down 4%. PetroChina’s Hong Kong-listed stocks plummeted 3.6%.

The Australian dollar changed its hand at $ 0.7514 from the level of around $ 0.753 seen earlier this week.

In other markets

In China, the CSI 300 docked 34.02 points (0.7%) to 4,864.14.

In Taiwan, Taiwan fell 32.92 points (0.2%) to 17,041.63.

In South Korea, the KOSPI index fell 15.94 points (0.5%) to 3,009.55.

In Singapore, the Straits Times fell 14.35 points (0.5%) to 3,203.82.

In New Zealand, the NZX 50 fell 49.26 points, or 0.4%, to 12,971.

In Australia, the ASX 200 was 7,430.38, deducting 18.33 points, or 0.3%.

Bank of Japan steadily holds waterfalls in Asia

http://www.baystreet.ca/articles/foreignmarketwrap.aspx?id=3785 Bank of Japan steadily holds waterfalls in Asia

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