Japan shares end higher as investors eye Fed policy stance

Japan shares end higher as investors eye Fed policy stance

Reuters  | Sep 16, 2020 14:40

Japan shares end higher as investors eye Fed policy stance

By Stanley White
TOKYO, Sept 16 (Reuters) - Japanese stocks ended marginally
higher on Wednesday on expectations that the U.S. Federal
Reserve would reinforce its commitment to keeping rates low at a
meeting later in the day.
The Nikkei 225 Index .N225 finished trade up 0.09% at
23,475.53, with the telecommunications and healthcare sectors
leading gains. The broader Topix .TOPX rose 0.21% to 1,644.35.
Many investors were on the sidelines ahead of the Fed's
policy statement. While no major change in policy is expected,
the central bank is likely to emphasise that interest rates will
remain low for an extended period, analysts said.
Meanwhile, Yoshihide Suga was voted prime minister by
parliament's lower house on Wednesday, becoming Japan's first
new leader in nearly eight years, as he readied a "continuity
cabinet" expected to keep about half of predecessor Shinzo Abe's
The Japanese stock markets had already priced in the
formation of a new government as Finance Minister Taro Aso
decided to retain his post, according to domestic media, which
suggests little change to economic policy.
Market focus was also on the Bank of Japan's policy
decision, due on Thursday, with the central bank expected to
leave its monetary easing stance unchanged.
The stocks that gained the most among the top 30 core Topix
names were investment manager SoftBank Group Corp 9984.T , up
4.64%, followed by drugs maker Daiichi Sankyo Co Ltd 4568.T ,
which jumped 2.6%.
The underperformers among the Topix 30 were automaker Honda
Motor Co Ltd 7267.T , down 2.59% as the yen's JPY=D3 rise to
an almost three-week high against the dollar hurt exporters. The
second-biggest decliner was Central Japan Railway Co 9022.T
losing 2.35%.
There were 48 advancers in the Nikkei index against 173
The volume of shares traded on the Tokyo Stock Exchange's
main board .TOPX was 1.17 billion, compared with the average
of 1.14 billion in the past 30 days.

(Editing by Devika Syamnath and Sherry Jacob-Phillips)

Related News

Latest comments

Add a Comment
Please wait a minute before you try to comment again.
Write a reply...
Please wait a minute before you try to comment again.

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

English (USA) English (UK) English (India) English (Canada) English (Australia) English (South Africa) English (Nigeria) Deutsch Español (España) Español (México) Français Italiano Nederlands Português (Portugal) Polski Português (Brasil) Русский Türkçe ‏العربية‏ Ελληνικά Svenska Suomi עברית 日本語 한국어 简体中文 繁體中文 Bahasa Indonesia Bahasa Melayu ไทย Tiếng Việt हिंदी
Sign out
Are you sure you want to sign out?
Saving Changes


Download the Investing.com App

Get free real time quotes, charts and alerts on stocks, indices, currencies, commodities and bonds. Get free top of the line technical analysis/predictors.

Investing.com is better on the App!

More content, faster quotes and charts, and a smoother experience is available only on the App.