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NIKKEI

In a widely anticipated move, BOJ raised interest rates today ending an era of 0% interest and sending the clearest signal yet that the world's second-largest economy has pulled out of a decade-long slump. The decision boosts the key overnight call rate to 0.25% from 0.069% -- effectively zero.



Compared to the last interest rates hike 6 years ago, Japan's economy is much stronger, with corporate profits up, unemployment falling to 8-year lows and prices rising. The economy has turned in 5 straight quarters of growth, and forecasts call for up to 3% growth this year. May's consumer prices rose 0.6% for the 7th monthly gain, signally an end to deflation.

 

Woww.. Nikkei went down like DOW - d N by 265 point or 1.76%

 

The Nikkei  fell 1.45% as Advantest and other technology stocks declined on dimming earnings prospects, while Tuesday's bomb blasts in India hurt market sentiment.

Property shares such as Mitsubishi Estate fell on the prospect of higher interest rates in Japan. The Bank of Japan starts a two-day policy board meeting on Thursday and is widely expected to lift interest rates from zero for the first time in six years.



Investors turned wary of earnings outlooks as some companies including Lucent Technologies have issued profit warnings.

 

Woow.. Nikkei closed up 245 points, giving a breather to sgx

 

Predicting Nikkei is Down on Monday following Dow.

 

Bro Kim next rocket missiles maybe in flight for 80sec, who know, then nikkei drop like matahari liao..

 

luckily missiles not zhun.. if zhun, nikkei drop 500 pts at least.

 

9:30 in Japan. it is moving up liao to 15,546 points, down by 92 pts.

 

Nikkei is down by 128 pts to 15,509 for a start, will hv to look to Shanghai for bank of China for it cue.!!!!