Market

Asian Markets React Mixed to BoJ's Unchanged Rate Decision and Economic Data

Asian Markets React to BoJ's Rate Decision

Following the Bank of Japan's decision to maintain its benchmark interest rate at 0.5%, major stock markets in the Asia-Pacific region showed mixed reactions. Investors are closely watching the implications of this decision alongside recent economic data from Japan.

Industrial Production and Trade Balance Insights

Japan's industrial production took a hit in January, showing a decline, while the country's trade balance saw a significant shift from a deficit in January to a surplus of ¥584.5 billion in February. These figures are crucial for understanding the current economic landscape in Japan.

Market Movements Across Asia

At 7:11 am CET, Japan's Nikkei and Hong Kong's Hang Seng were flat, with South Korea's Kospi rising by 0.71%. Conversely, Australia's S&P/ASX 200 dropped by 0.41% at closing. Mainland China's Shanghai Composite slipped by 0.17%, and the Shenzhen Composite declined by 0.46%.

Currency Fluctuations

The dollar saw a 0.35% increase against the yen, trading at ¥149.7880 at 7:15 am CET, reflecting the ongoing currency market adjustments in response to the BoJ's policy stance.