Japanese stocks fell, with shippers and energy stocks leading declines, as investors await an update from the Federal Reserve on U.S. monetary policy and a meeting of euro-area finance ministers with Greece.
The Topix index lost 0.4 percent to 1,645.58 as of 9:01 a.m. in Tokyo, with all but two of its 33 industry groups dropping. The Nikkei 225 Stock Average slipped 0.4 percent to 20,316.19.
The Federal Reserve begins a two-day meeting Tuesday, at which officials are expected to leave interest rates unchanged. Improving economic reports since the central bank’s last session have pushed the probability for a September increase to 53 percent, data compiled by Bloomberg show. Japan policy makers are also reviewing borrowing costs this week, with central bank governor Haruhiko Kuroda scheduled to attend a parliament session Tuesday.
Source : Bloomberg