Tokyo Stock Market Slightly Higher After Bank of Japan Interest Rate Decision

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The Nikkei index on the Tokyo stock exchange rose slightly on Friday following the Bank of Japan’s (BoJ) decision not to change monetary policy. Investors already expected that decision.

 

Elsewhere in Asia, green numbers were also seen on the price boards.

The Nikkei was up 0.2 percent. The Japanese central bank stuck to its policy of further stimulating the economy. The BoJ is the only one of the major central banks in the world that has not yet raised interest rates. This is mainly because the country’s inflation is lower than in other major economies.

Car group Nissan Motor (plus 0.1 percent) could count on attention among the companies in Tokyo. The company sees key driver Ashwani Gupta leave. Nissan confirmed this after previous reports of clashes over leadership within the company. The group said that Gupta is director of operations at Nissan and will explore other options from June 27.

The Hang Seng index gained 0.7 percent in Hong Kong, and the Shanghai stock market rose 0.4 percent. Earlier this week, China’s central bank lowered interest rates on loans to financial institutions with a one-year term to stimulate lending and boost the ailing economy.

In Sydney, the Australian All Ordinaries gained 1 percent, and the South Korean Kospi in Seoul recorded a price gain of 0.4 percent.

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