Source Pravda.Ru

Japanese stocks end flat as players await central bank interest rate decision

Japanese stocks ended flat Tuesday amid divided investor opinion over whether the Bank of Japan would raise interest rates the following day, after its two-day meeting.

The benchmark Nikkei 225 index shed 0.97 point, or 0.01 percent, to finish at 17,939.12 on the Tokyo Stock Exchange. On Monday, the index touched its highest close since May 8, 2000.

Investors held back amid uncertainty about prospects that the central bank would lift interest rates from the current 0.25 percent.

Last week, the government said Japan's economy grew at a stronger-than-expected annual pace of 4.8 percent in the fourth quarter the fastest pace in nearly three years. But some economists said that rise reflected a rebound in consumer spending from the previous quarter's drop, and wasn't enough to persuade the BOJ to tighten credit, reports AP.

During Tuesday's session, the broader Topix index, which includes all shares on the exchange's first section, rose to an intraday high of 1,784.20 at one point, the highest since Nov. 19, 1991. At that time, the Nikkei average was trading around 23,000. The Topix closed at 1,782.73, up 0.16 percent from Monday and the highest since April 7, 2006.

In currencies, the U.S. dollar was trading at 119.80 yen at 2:50 p.m. (0550 GMT) Tuesday, up from 119.56 yen late Monday in Frankfurt. The euro rose to US$1.3182 from US$1.3135.

Comments
Why Trump tries to re-industrialize America
MP suggests replacing Lenin's mummy with rubber figure
Russian Navy admiral says Russia will torpedo US warships, if need be
The horror story called Brazil: Murder and destruction
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Five years after Maidan revolution, Ukraine remains one of Europe's most corrupt states
Why Trump tries to re-industrialize America
USA plays to pretend a mighty dragon that can no longer breathe fire
US interferes in election of Interpol president, Kremlin believes
US interferes in election of Interpol president, Kremlin believes
Five years after Maidan revolution, Ukraine remains one of Europe's most corrupt states
Brexit: The UK's misunderstanding of Democracy
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Argentina hides the truth about the death of San Juan submarine
Japan ratifies agreement to supply weapons and ammo to warring states
Russia to ban capture of killer whales and belugas in 2019
Russia to raise sunken floating dock
Why Trump tries to re-industrialize America
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Putin dislikes the idea of US army bases coming to Kuril Islands
Argentina hides the truth about the death of San Juan submarine