Don’t miss the latest developments in business and finance.

Nikkei falls on firmer yen, nervousness on BOJ

Image
Reuters TOKYO
Last Updated : May 21 2014 | 3:08 PM IST

TOKYO (Reuters) - Japan's Nikkei share average edged down on Wednesday, hurt by the yen's strength in recent sessions, with investors nervous about whether Bank of Japan Governor Haruhiko Kuroda sticks to his mantra that there is no need for additional easing now.

The BOJ held its policy unchanged on Wednesday and Kuroda will start a news conference at 3:30 p.m. (0630 GMT).

The Nikkei closed down 0.2 percent at 14,042.17, after having hit a five-week intraday low of 13,964.43.

The broader Topix fell 0.3 percent and the new JPX-Nikkei Index 400 dropped 0.3 percent.

(Reporting by Hideyuki Sano; Editing by Richard Borsuk)

Also Read

First Published: May 21 2014 | 3:01 PM IST

Next Story