Japan's current account figure for June came in at 1.533 trillion yen, lower than the 1.789 trillion yen expected by economists polled by Reuters.
Asian investors assessed trade data from Japan and awaited interest rate decision from the Reserve Bank of India.Asia-Pacific markets were lower on Thursday as Wall Street declined overnight, while investors assessed trade data from Japan and awaited India's rate decision.Global equities and currencies plunged earlier this week after the Bank of Japan hiked interest rates to their highest levels since 2008, and the U.S. released weaker-than-expected employment numbers.
On Thursday, investors in Asia will assess trade data from Japan and interest rate decision from the Reserve Bank of India.Japan's current account figure for June came in at 1.533 trillion yen, lower than the 1.789 trillion yen expected by economists polled by Reuters.
The level of the neutral rate appears to be at least around 1% with the Bank needing to raise the policy interest rate in a timely and gradual manner, it added., BOJ deputy governor, said on Wednesday that given the recent shocks to stock prices and foreign exchange rates in the country, the bank needs to maintain monetary easing with the current policy interest rate.that it would buy back up to $3.4 billion of its shares, as part of its efforts to boost shareholder returns.
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