Nikkei Falls 0.6% After BOJ Plan to Sell Japan Stock ETFs
Japan's Nikkei Stock Average closed 0.6% lower at 45045.81 after the Bank of Japan said it would start gradually selling its holdings of domestic equity exchange-traded funds and real estate investment trusts.
The Tokyo Stock Exchange REIT Index dropped 0.3% to 1931.81. Retail and electronics stocks led the declines. Fast Retailing fell 4.5% and TDK dropped 3.3%.
As the BOJ move showed it remains on its tightening path, the two-year Japanese government bond yield rose 2.5 bps to 0.905%, the 10-year yield gained 4.0 bps to 1.635%, while the 30-year yield fell 3.5 bps to 3.155%. USD/JPY was at 147.83, compared with 147.99 as of Thursday 5 p.m. Eastern time.
Source: Bloomberg.com