Japanese shares fall to two-month low ahead of BOJ decision [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
Flavour wins when you swap sugar for fruit and 'unexpectedly sweet ingredients' Advertisement The Nikkei 225 index opened down 0.95% and repeatedly tested the 27,000 psychological barrier before falling through for the first time since July 19. It closed for the break down 0.97% at 27,047.37. The broader Topix fell 0.64%. Apart from the impact of broad losses on Wall Street after the Fed delivered a widely expected 75-basis-point rate increase and flagged more hikes, a domestic securities broker said investors were likely adjusting positions ahead of a three-day weekend in Japan. S&P 500 e-mini futures were last down 0.74%. Unlike the Fed and every other major central bank this year, the BOJ is expected to stick to its dovish policy of ultra-low interest rates despite rising consumer inflation and the yen trading at historically low levels. “While it is still hard to expect a pivot from the Bank of Japan this week, given that Governor Kuroda remains focused on achieving w
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