Japan Shares Fall as BOJ Meets After Fed Signals Gradual Hikes

Japanese stocks fell as investors await a Bank of Japan policy decision after the Federal Reserve signaled the pace of U.S. interest-rate increases will be slow even as it prepares to raise borrowing costs this year.

Mitsui & Co. slid 0.9 percent. Nissan Motor Co., lost 1.7 percent. Yamaha Corp. jumped 6.4 percent. Oil and coal producers led declines among the Topix index’s 33 industry groups.

The Topix slipped 0.5 percent to 1,625.47 at the trading break in Tokyo. The Nikkei 225 Stock Average lost 0.6 percent to 20,098.92. The BOJ begins a two-day meeting Thursday in Tokyo, with all 35 economists surveyed by Bloomberg forecasting Governor Haruhiko Kuroda will keep policy on hold.

Source : Bloomberg

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