Nikkei edges down as telecom stocks slump; focus on BOJ, Fed meetings

domingo 13 de septiembre de 2015 22:23 GYT

* Oil shares underperform after crude prices fell

* Shiseido jumps after Goldman raises rating

By Ayai Tomisawa

TOKYO, Sept 14 (Reuters) - Japanese stocks edged down on Monday morning as lower oil prices hit energy firms while telecommunication shares were sold off after the prime minister called for cheaper cellphone rates.

Investors were also wary ahead of key events this week, including the Bank of Japan and U.S. Federal Reserve policy setting meetings.

Telecommunications firms tumbled after Prime Minister Shinzo Abe late last week demanded that cellphone rates be lowered. SoftBank Group Corp fell more than 5 percent, NTT Docomo Inc dived 8.1 percent and KDDI Corp slumped 6.4 percent.

Oil stocks underperformed as crude prices fell after Goldman Sachs cited oversupply and concerns over China's economy. Inpex Corp tumbled 5.8 percent and Japan Petroleum Exploration fell 1.8 percent.

The Nikkei fell 0.1 percent to 18,241.62 in midmorning trade.

In a two-day monetary policy meeting on Monday and Tuesday, the Bank of Japan policymakers are expected to keep its policy unchanged, sources familiar with their thinking say.   Continuación...