Tokyo Shares End Lower, Eyes On BoJ And Fed

Tokyo shares end lower, eyes on BoJ and Fed

TOKYO, (UrduPoint / Pakistan Point News -20th Sept,2016) - Tokyo's benchmark share index ended lower on Tuesday as markets focused on US and Japanese central bank meetings, with Takata diving on reports some potential bidders are mulling bankruptcy proceedings for it.

The Bank of Japan heads Tuesday into a two-day policy meeting, with investors unsure about its plans for monetary policy after more than three years of stimulus failed to boost growth and inflation.

The bank will announce its decision hours before the Federal Reserve winds up its own gathering, with opinion split on whether it will raise interest rates.

"We don't know what awaits, with both the US and Japanese monetary policy meetings ahead of us," Hiroyasu Iida, the head of investment research centre at Aizawa securities, told Bloomberg news.

"It's difficult to buy into the market when you don't know what will happen." Chris Weston, chief market analyst in Melbourne at IG, added that "no one is prepared to take on too much risk ahead of the Bank of Japan and the Fed Open Market Committee meetings".