PT Solid Gold Berjangka | Asia Markets Slide ahead of Bank of Japan Rate Decision
Asia-Pacific markets fell ahead of the Bank of Japan’s rate decision, which investors will be closely watching to determine if the central bank will make any change to its ultra-easy monetary policy
A poll of Reuters economists showed that economists all expect the BOJ to hold its benchmark policy rate at -0.1%.
BOJ Governor Kazuo Ueda has maintained that an ultra-easy monetary policy is needed until Japan sees a sustained inflation at 2%. Japan’s headline inflation figures have remained above this target since April 2022, with the latest reading coming in at 3.2% for August.
Japan’s Nikkei 225 fell 1.15% ahead of the BOJ decision, while the Topix slid 0.92%.
In Australia, the S&P/ASX 200 shed 1.4%, leading losses in Asia. South Korea’s Kospi saw a smaller loss, dropping 0.87%, while the Kosdaq slipped 0.7%.
Futures for Hong Kong’s Hang Seng index stood at 17,585, also pointing to a weaker open compared to the HSI’s close of 17,655.41.
Source : CNBC
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