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Stock trading in Asia is mixed and Bank of Japan maintains its policy

2019-09-19 06:32 am | Resource: News | No Views : 30

 Stock trading in Asia is mixed and Bank of Japan maintains its policy

Investors took stock indices in different directions on Thursday in the Asia-Pacific stock trading session as sentiment deteriorated somewhat towards the closing bell. The Federal Reserve helped risk appetite, as yesterday it cut interest rates but also revealed a split over what comes next.

Bank of Japan leaves policy unchanged, calls for revision in October as risks rise

The Bank of Japan also issued a regular update and left current measures unchanged, although its warning on economic headwinds has sparked speculation that it could boost stimulus soon. Two of the nine members of the committee objected, urging Gucci Katoka to promote policy.

The Bank of Japan left its monetary stimulus unchanged on Thursday (September 19) and called for a review of prices and the economy at its October meeting, opting to stay tight for now just hours after the Fed cut interest rates again.

The Bank of Japan said it needs to pay more attention to the possibility of losing momentum towards the 2% inflation target as foreign economies continue to slow. The slowdown in global growth has already prompted major central banks such as the Federal Reserve and the European Central Bank to cut interest rates, a wave of easing the Bank of Japan's resistance so far.

Nearly three-quarters of economists surveyed by Bloomberg predicted that the Bank of Japan will leave interest rates and asset purchases at current levels at the September meeting, with market sentiment improving to ease some urgency.

Asian shares trading
  • The Nikkei 225 rose 0.59% in Tokyo at 7:22 CET.
  • The Hang Sang Index fell 1.31% in Hong Kong.
  • South Korea's Kospi rose 0.33%
  • The S & P / ASX 200 index rose 0.44% for the day as the pessimistic unemployment report boosted speculation about the central bank's work.
  • In the most populous countries, the Shanghai Composite Index was 0.11% in the red.
  • The Shenzhen Composite Index rose 0.2% at 7:29 CET.
The dollar fell 0.54% to 107.869 JPY at 7:42 am CET, which will weigh on Japanese exporters in the stock market.

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