Trade is sluggish.
(Photo: mauritius images / age fotostock)
Frankfurt, Tokyo The Japanese stock markets started the new trading week cautiously on Monday. A bank holiday in the US made for rather sluggish trading and investors did not dare to come out ahead of the release of minutes from the Federal Reserve’s last meeting on Wednesday and core inflation data.
The Nikkei index, which comprises 225 stocks, remained virtually unchanged over the course of the year at 27,507 points. The broader Topix index rose 0.2 percent to 1,997 points. Investors are eagerly awaiting statements from the newly appointed Bank of Japan (BoJ) governor on Friday and his thoughts on the future of yield curve control (YCC) policy and the central bank’s ultra-loose monetary policy.
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