Nikkei fell after BoJ refrained from further easing

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Japanese shares dipped on Tuesday, halting four-day winning streak as traders booked profits in companies that soared on hopes that opposition party will win next month election. Adding to losses in Japanese equities, the BoJ refrained from new stimulus measures. Experts predict the BoJ to announce fresh easing measures at the next meeting in December. The Nikkei 225 Index dropped 0.12% to close at 9,142.64. Five out of ten sectors within the index rose. Utilities and telecommunications were the top-gainers.  Tokyo Gas and Osaka Gas climbed 3.62% and 1.55%, while Nippon Telegraph & Telephone gained 1.63%. On the downside, technology companies dipped 0.9%. Panasonic slumped 3.78% after Deutsche Bank cut the target price on the firm's shares. NKSJ Holdings dived 4.39% after insurer forecasted a net loss of JPY28 billion, versus previous guidance of JPY 24 billion profit.

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