TOKYO, (MILLAT/APP/AFP) – Tokyo stocks fell Wednesday
with energy firms down on weak oil prices as investors await the
conclusion of a Federal Reserve meeting, while loss-hit Toshiba
plunged on fears over its future.
While the US central bank is considered odds-on to tighten
borrowing costs, traders are most interested in what its plans are
for future hikes, with boss Janet Yellen’s post-meeting comments
the main focus.
“With attention glued to the pace of Fed rate hikes, trading
in Japanese shares has been muted,” Okasan Online Securities chief strategist Yoshihiro Ito said in a commentary.
The dollar changed hands at 114.81 yen against 114.77 yen in
New York.
Weak oil prices also dampened investor sentiment, despite crude bouncing back from Tuesday’s sharp losses.