Economists polled by Reuters expect the BOJ will maintain its benchmark interest rate at 0%-0.1%, but Nikkei reported the central bank is considering reducing its holdings of Japanese government bonds.
Japan's Nikkei 225 futures pointed to a weaker open for the market, with the futures contract in Chicago at 38,665 and its counterpart in Osaka at 38,570 compared to the previous close of 38,720.47.Economists polled by Reuters expect the BOJ will maintain its benchmark interest rate at 0%-0.1%, but Nikkei reported the central bank is considering reducing its holdings of Japanese government bonds.
The BOJ currently aims to purchase about 6 trillion yen in bonds per month, and has informed the market of plans to purchase between 4.8 trillion yen and 7 trillion yen of bonds per month.futures pointed to a weaker open for the market, with the futures contract in Chicago at 38,665 and its counterpart in Osaka at 38,570 compared to the previous close of 38,720.47.advanced 0.34% and closed at 17,667.56. Thursday marked the fourth straight closing record for both S&P 500 and the Nasdaq.
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly The S&P 500 and Nasdaq hit record levels this week, boosted by fresh data showing signs of inflation pressures cooling.