Japan’s Nikkei Slips as BOJ Holds Rates Steady
The Nikkei 225 Index declined 0.25% to close at 37,752 on Wednesday, reversing earlier gains after the Bank of Japan kept interest rates unchanged, citing uncertainty over the potential impact of US tariffs on Japan’s export-driven economy.
While the central bank reaffirmed expectations for above-potential economic growth, it also acknowledged signs of weakness. The monthly Reuters Tankan survey showed that sentiment among Japanese manufacturers turned negative in March due to concerns over US trade policies and slowing economic activity in China.
Meanwhile, Japan’s trade balance swung to a surplus in February, supported by strong exports. Notable losses came from index heavyweights such as Fujikura (-5.3%), Disco Corp (-5.2%), and Advantest (-4.8%).
Source : Trading Economics