Japanese shares sank after BoJ policy easing

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/AFP
Japanese equities moved lower after the BoJ announced the third dose of monetary stimulus that disappointed investors. The BoJ expanded its asset-purchasing and lending programme to JPY10 trillion, a widely expected decision. The Nikkei 225 Index tumbled 1.19% to close at 10,039.33. Only two out of ten sectors within the index witnessed mild gains. The top-performers were utilities and financials, climbing 0.51% and 0.38%. Kansai Electric Power and Shinsei Bank added 1.99% and 2.70%. Dragging Japan's stock average lower, consumer services and telecommunications plunged 2.52% and 2.46%. Secom sank 0.59% while Softbank dipped 3.76%. Among other losers, Nissan Motors dropped the most in 21 months after Nomura Holdings downgraded the firm's stock rating to neutral from buy. Nissan Motor sagged 7.35%. Meanwhile, Mitsubishi Motors dropped 5.49% after announcing the forth recall since November 2010 due to engine oil leaks.


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