Nikkei up, Hang Seng down as all eyes on central banks. Asian markets were mixed in early trading Thursday, as the Bank of Japan kept its ultra-easy monetary policy unchanged following the U.S. The BOJ's move-- or lack thereof-- was expected, though the central bank hinted that could cut interest rates even deeper into negative territory at its October meeting.
The Bank of Japan kept monetary policy steady on Thursday but said it would re-examine economic and price developments more thoroughly at its next policy meeting in October. "The BOJ judges that it is becoming necessary to pay closer attention to the possibility that the momentum towards achieving its price target will be lost," the central bank said in a statement.
Japan's Nikkei share average slipped on Wednesday as investors took profits after a 10-day rally ahead of key central bank meetings in the United States and Japan, but continued to hover not far from its four-month high touched a day earlier.
Sumitomo Mitsui Trust Bank Ltd will consider charging account holders a fee if the Bank of Japan decides to deepen negative interest rates, the head of the bank told the Sankei newspaper. Under its ultra-loose monetary policy, the BOJ guides short- term rates towards -0.1%, eroding profit margins at financial institutions.
Japan's Nikkei share average was little changed but continued to hover near its four-month high on Wednesday, with investors awaiting fresh catalysts ahead of key central bank meetings in the United States and Japan.
Sumitomo Mitsui Trust Bank Ltd will consider charging account-holders a fee if the Bank of Japan decides to deepen negative interest rates, the head of the bank told the Sankei newspaper. Under its ultra-loose monetary policy, the BOJ guides short-term rates towards -0.1%, eroding profit margins at financial institutions.
* Asian stock markets : https://tmsnrt.rs/2zpUAr4. * Oil prices surge on fears of global supply disruption. * China industrial output growth weakens, hits risk appetite. * Stocks slip, safe-haven gold and Japanese yen rise. By Swati Pandey.
* Asian stock markets : https://tmsnrt.rs/2zpUAr4. * Oil prices surge on fears of global supply disruption. * China industrial output growth weakens, hits risk appetite. * Stocks slip, safe-haven gold and Japanese yen rise. By Swati Pandey.
* Asian stock markets : https://tmsnrt.rs/2zpUAr4. * Oil prices surge on fears of global supply disruption. * China industrial output growth weakens, hits risk appetite. * Stocks slip, safe-haven gold and Japanese yen rise. By Swati Pandey.
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