Nikkei falls to 2-week closing low after BOJ eases
News On Japan via Reuters -- Oct 30
Japan's Nikkei average fell 1
percent to a two-week closing low on Tuesday after the Bank of
Japan eased monetary policy by increasing the size of its asset
buying and lending programme by $138 billion, largely as
The Nikkei closed 87.36 points lower at 8,841.98
after trading 0.4 percent higher on the day before the BOJ
announcement, which came shortly before the market close.
The fall took the benchmark just below its
25-day moving average at 8,843.70.
"It was in line with expectations. The market's reaction
suggests it didn't exceed expectations, particularly because
people spent the day pushing the index higher," said Hideyuki
Ishiguro, a senior strategist at Okasan Securities.
The benchmark Nikkei has been buoyed over the past month by
a softer yen amid expectations that the BOJ would ease monetary
policy further. The index is up 4.6 percent this year.
Honda Motor Co shed 2.8 percent, extending the
pervious session's 4.7 percent decline after the carmaker cut
its full-year net profit forecast by a fifth due to slowing
sales in China over a territorial dispute. It was the third-most
traded stock on the main board by turnover.
China's television regulator has ordered a crackdown on dramas about the country's battles with Japan during and before World War Two and demanded they be more serious, state media said on Friday, following viewer complaints about ludicrous storylines. (Reuters )
Shukan Post (May 24) conveys the difficulties experienced by other parts of the adult-entertainment biz in servicing customers from the communist nation.
A deri heru (“delivery health”) call-girl tells the tabloid that she is often requested to arrive at major hotels in the Shinjuku and Ikebukuro entertainment areas of Tokyo by Chinese visitors. (Tokyo Reporter)