Asia-Pacific markets trade lower ahead of Bank of Japan rate decision

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.

Overnight in the U.S., the S&P 500 rose to post a fourth consecutive record close as traders weighed more data showing inflation pressures may be easing.Economists polled by Reuters expect the BOJ will maintain its benchmark interest rate at 0%-0.1%, but Nikkei reported theThe 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.

The S&P 500 and Nasdaq hit record levels this week, boosted by fresh data showing signs of inflation pressures cooling.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia-Pacific markets poised for slightly lower open ahead of Bank of Japan rate decisionWhile the Bank of Japan is expected to keep its benchmark interest rates unchanged, the bank is reportedly considering reducing its JGB holdings.
Source: nbcchicago - 🏆 545. / 51 Read more »

Asia-Pacific markets range bound ahead of Bank of Japan rate decisionWhile the Bank of Japan is expected to keep its benchmark interest rates unchanged, the bank is reportedly considering reducing its JGB holdings.
Source: NBCDFW - 🏆 288. / 63 Read more »