Nikkei falls as weak oil prices keep market cautious; BOJ awaited

jueves 17 de diciembre de 2015 22:03 GYT

* Nikkei up 0.1 pct for the week

* Market awaits BOJ decision

* Energy shares underperform on weak oil prices

By Ayai Tomisawa

TOKYO, Dec 18 (Reuters) - Japan's Nikkei share average fell on Friday morning on sliding oil prices and as investors awaited more market catalysts after the U.S. Federal Reserve's interest rate hike.

Investors will look to Bank Of Japan's policy decision on Friday with the central bank widely expected to keep its monetary stimulus programme unchanged.

The Nikkei dropped 0.5 percent to 19,256.99 in midmorning trade, moving closer to its 25-day moving average of 19,545.19. The benchmark has gained 0.1 percent for the week.

Analysts said that the market will likely look past the BOJ's decision if it stands pat on policy.

"The market is expected to stay calm (if the BOJ stands pat)," said Chihiro Ohta, general manager of investment research and investor services at SMBC Nikko Securities.   Continuación...