TOKYO, Oct. 23 (Xinhua) — Tokyo shares fell on Monday as hypothesis grew that the Japanese central financial institution might additional tweak its ultra-loose financial coverage.
Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 259.81 factors, or 0.83 %, from Friday at 30,999.55.
The broader Topix index, in the meantime, completed 16.84 factors, or 0.75 %, decrease at 2,238.81.
Tokyo shares drop on promoting fueled by hypothesis that the Bank of Japan (BOJ) might additional shift its ultra-loose financial coverage following the earlier revision in July that made its yield cap program extra versatile, permitting long-term yields to rise towards 1.0 %, analysts mentioned.
On the top-tier Prime Market, decliners have been led by oil and coal product, mining and iron and metal points.
Refiner Eneos Holdings slipped 17 yen, or 3.0 %, to 548 yen, and Idemitsu Kosan fell 79 yen, or 2.4 %, to three,253 yen.