Nikkei dips on stronger yen, jitters ahead of BOJ decision

jueves 28 de julio de 2016 21:44 GYT
 

* Nikkei down 0.1 pct, Topix slips 0.3 pct

* Yen hits 2-1/2-week high vs dollar, weighs on Nikkei

* Market wary before BOJ decision amid entrenched easing hopes

By Shinichi Saoshiro

TOKYO, July 29 (Reuters) - Japan's Nikkei share average dipped on Friday, weighed down by a stronger yen and uncertainty over whether the Bank of Japan will ease policy later in the day.

The Nikkei was down 0.1 percent at 16,458.93 points by mid-morning.

The index had risen to a seven-week high of 16,938.96 last week, helped by expectations that Japan's government and central bank would offer a double dose of fiscal and monetary stimulus.

With the government already poised to launch a large fiscal stimulus package next week, the focus has turned to the central bank and whether it will match Tokyo's spending with monetary easing.

Traders widely expect the BOJ to increase its already massive purchases of government bonds and some riskier assets such as ETFs and possibly REITs. It may also cut interest rates deeper into negative territory, which could hit banking stocks.   Continuación...