Business News

TOKYO, (APP/AFP) – Tokyo’s benchmark share
index ended lower on Tuesday as markets focused on US and Japanese central bank meetings, with Takata diving on reports some potential bidders are mulling bankruptcy proceedings for it.
The Bank of Japan heads Tuesday into a two-day policy meeting, with
investors unsure about its plans for monetary policy after more than three
years of stimulus failed to boost growth and inflation.
The bank will announce its decision hours before the Federal Reserve winds
up its own gathering, with opinion split on whether it will raise interest
rates.
“We don’t know what awaits, with both the US and Japanese monetary policy
meetings ahead of us,” Hiroyasu Iida, the head of investment research centre at
Aizawa securities, told Bloomberg News.
“It’s difficult to buy into the market when you don’t know what will
happen.”
Chris Weston, chief market analyst in Melbourne at IG, added that “no one is prepared to take on too much risk ahead of the Bank of Japan and the Fed Open Market Committee meetings”.