On Friday, Japan's Nikkei share average futures fell marginally after the Bank of Japan maintained its stimulus and hinted that it is not in a hurry to tighten policy. As of 0313 GMT, Nikkei futures were down 0.68% at 32,190. They were down 0.96% at 32,100 before the news. Cash equities remained halted for the noon …
On Friday, Japan’s Nikkei share average futures fell marginally after the Bank of Japan maintained its stimulus and hinted that it is not in a hurry to tighten policy.
As of 0313 GMT, Nikkei futures were down 0.68% at 32,190. They were down 0.96% at 32,100 before the news. Cash equities remained halted for the noon break, although the Nikkei finished 0.87% down at 32,287.46.
In a statement accompanying the decision, the BOJ reiterated its commitment to maintaining ultra-loose monetary policy “as long as necessary to maintain the (2% inflation) target in a stable manner.”
The Nikkei had previously fallen to 32,154.53 for the first time since August 28, weighed down in part by a severe selloff on Wall Street amid concerns that the Federal Reserve’s interest rates will remain high for much longer.
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