Japan Stocks Rise, Paring Weekly Decline, Ahead of BOJ Decision

Japanese stocks rose, paring a third weekly decline, ahead of a central bank monetary policy decision that is expected to maintain a record stimulus program.

The Topix added 0.9 percent to 1,630.46 as of 9:01 a.m. in Tokyo. It’s on course for a 1.3 percent drop this week. The Nikkei 225 Stock Average gained 0.8 percent to 20,151.76. The Bank of Japan concludes a two-day meeting Friday in Tokyo, with Governor Haruhiko Kuroda due to speak to reporters after he sent the yen on a roller-coaster ride over the past two weeks.

Economists surveyed by Bloomberg forecast the BOJ will maintain a plan to expand the monetary base at an 80 trillion yen ($ 651 billion) annual pace.

Source : Bloomberg


Leave a Reply

Your email address will not be published. Required fields are marked *