BOJ rate decision, JGB purchases

[Pelican Press 0]

BOJ rate decision, JGB purchases

The Bank of Japan (BOJ) headquarters is seen beyond the cherry blossoms in Tokyo on March 20, 2023.

Kazuhiro Nogi | Afp | Getty Images

Asia-Pacific markets were largely lower on Friday ahead of the Bank of Japan’s rate decision.

Economists polled by Reuters expect the BOJ will maintain its benchmark interest rate at 0%-0.1%, but Nikkei reported the

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The BOJ currently aims to purchase about 6 trillion yen ($38.5 billion) in bonds per month, and has informed the market of plans to purchase between 4.8 trillion yen and 7 trillion yen of bonds per month.

Japan’s Nikkei 225 slipped 0.17% in early trading, while the Topix was 0.2% higher, the only benchmark in positive territory.

South Korea’s Kospi was down marginally, and the small cap Kosdaq was 1.22% lower.

Australia’s S&P/ASX 200 fell 0.37%.

Hong Kong Hang Seng index was down 0.94%, while the CSI 300 on mainland China slipped 0.14%.

Overnight in the U.S., the S&P 500 rose to post a fourth consecutive record close as traders weighed more data showing inflation pressures may be easing.

The broad market index climbed 0.23% to end at 5,433.74, while the Nasdaq Composite advanced 0.34% and closed at 17,667.56. Thursday marked the fourth straight closing record for both S&P 500 and the Nasdaq.

The Dow Jones Industrial Average was the underperformer, slipping 0.17%.

The S&P 500 and Nasdaq hit record levels this week, boosted by fresh data showing signs of inflation pressures cooling.

—CNBC’s Lisa Kailai Han and Sarah Min contributed to this report.

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World Markets,Markets,Breaking News: Markets,Asia Economy,Nikkei 225 Index,S&P 500 Index,Hang Seng Index,KOSPI Index,business news
#BOJ #rate #decision #JGB #purchases

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