Economics
Asian Stocks Fall After BOJ Leaves Monetary Policy Unchanged
- Shares slide in Tokyo market, led by brokerages and banks
- Economists confounded as BOJ refrains from adding to stimulus
People are reflected on the electronic board of a securities firm in Tokyo.
Photographer: Shizuo Kambayashi/AP PhotoThis article is for subscribers only.
Asian stocks fell, led by a slump in Tokyo shares, after the Bank of Japan refrained from adding to its monetary policy stance when most economists were expecting further stimulus.
The MSCI Asia Pacific Index declined 0.2 percent to 130.99 as of 5:14 p.m. in Tokyo, reversing gains of as much as 1.6 percent. The measure dropped for a fifth day, set for the longest losing streak since January. Japan’s Nikkei 225 retreated 3.6 percent, the most since Feb. 12. Equity gauges in India, Malaysia, Taiwan and Thailand slid at least 1 percent.