Asia stocks pull ahead, investors on edge before BOJ verdict

Asia stocks pull ahead, investors on edge before BOJ verdict

Wednesday, September 21, 2016
Asian Market 1
Asia stocks pull ahead, investors on edge before BOJ verdict Asian shares got off to a tentative start on Wednesday, while the yen was steady as investors braced for the outcome of the Bank of Japan’s policy meeting amid heightened speculation the central bank will make crucial changes to its massive easing programme.

The BOJ is expected to make negative interest rates the centrepiece of a new policy framework – widely seen as a desperate attempt to show it still has the firepower to lift Japan out of years of stagnation.

Ahead of the decision, MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.15 percent, perched at its highest levels since September 12. Markets in New Zealand and Australia were flat.

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