Exchange the Asia-Pacific region ended mostly in the red

Exchange the Asia-Pacific region ended mostly in the red


After reports that the Bank of Japan lowered its forecast for the economy of the country, saving the amount of support at the same level, the index of Shanghai stock exchange fell by 0.14%, the Hang Seng Index fell by 0.79%, Japan index Nikkei 225 has raised on 0,78%.

MOSCOW, 30 Oct. Stock markets in the Asia-Pacific region (APR) finished trading Friday mainly negative dynamics after the Bank of Japan lowered its forecast for the economy of the country, saving the amount of support at the same level, according to AFP.

At the end of trading the index of Shanghai stock exchange Shanghai Composite has fallen on 0,14% — to 3382,56 item. Index of Shenzhen stock exchange Shenzhen Composite gained 0.02%, reaching 2014,86 item. Hong Kong’s Hang Seng Index fell by 0.79% to 22640,04 item. The Australian S&P/ASX 200 has fallen to the 5239,4 in point, demonstrating the decrease by 0.52% at the end of trading. The Korean KOSPI closed at 2029,47 points, losing 0,23%. The Japanese index Nikkei 225 has raised on 0,78% — to 19083,1 item.

The Bank of Japan on Friday reaffirmed the intention to maintain the policy of increasing the monetary base in the range of 80 trillion yen annually. The decision was taken by majority of the members of the monetary policy Committee. Thus before the meeting of the regulator, some analysts were waiting for a possible monetary policy easing.

The head of the Bank of Japan Haruhiko Kuroda at a press conference following the meeting expressed expectation that the positive dynamics of economic growth in 2015 and 2016 financial years. According to estimates by the regulator, annual inflation in the country will reach the target level of 2% in the second half of the 2016 financial year — in the period from 1 October 2016 to 31 March 2017. Earlier the Bank expected that this will happen in the first half of the year. It is noted that the dynamics of inflation will depend, among other things, on oil prices.

In the current fiscal year inflation, according to the regulator, will be 0.1% instead of 0.7% as expected in July. The growth forecast for the Japanese economy for fiscal year 2015, reduced by the regulator to 1.2% expected in July to 1.7%.

“Maybe the BOJ will wait with the decision on further easing of monetary policy until December, in order to understand how the fed will go”, — quotes Reuters the words of the chief economist at Credit Suisse Securities Japan Hirosaki Shirakawa (Hiromachi Shirakawa).