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Japanese investors wary as central bank decision looms | Japanese investors wary as central bank decision looms |
(about 2 hours later) | |
Japanese shares fell for a second day as investors awaited the outcome of a key Bank of Japan meeting later this week. | Japanese shares fell for a second day as investors awaited the outcome of a key Bank of Japan meeting later this week. |
The central bank's past efforts to spur growth have disappointed investors and there's expectation of more monetary easing from the Thursday meeting. | The central bank's past efforts to spur growth have disappointed investors and there's expectation of more monetary easing from the Thursday meeting. |
The Nikkei 225 fell 0.4% to 17,368.69 points. | |
After losing 6% on Monday, Sony shares slightly recovered, gaining 0.6% in morning trade. | |
In China, the mainland benchmark Shanghai Composite edged 0.3% higher to 2,956.08 while Hong Kong's Hang Seng remained flat at 21,312.59. | |
Weak growth | |
The Kospi index remained flat at 2,013.43 after South Korea reported its slowest quarter of economic growth in nine months. | |
Its economy grew by 0.4% in January to March, compared to the previous three months, which was in line with expectations. | |
On an annual basis, the economy expanded 2.7%. | On an annual basis, the economy expanded 2.7%. |
In Australia, traders were equally cautious, leaving the ASX/200 flat at 5,235.10 points. | In Australia, traders were equally cautious, leaving the ASX/200 flat at 5,235.10 points. |