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Japan Stocks Retreat Before BOJ Policy Meeting; Nintendo Plunges

  • Economists forecast BOJ will add to stimulus on July 29
  • Central bank disappointed investors in past: Daiwa’s Miyake
Bloomberg business news

BOJ Policy: What Would Kuroda Do?

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Shares in Tokyo slid as investors awaited a decision on monetary policy from the Bank of Japan this week and weighed corporate earnings results. Nintendo Co. plunged after saying the financial impact from its Pokemon Go game will be limited.

The Topix index lost 0.2 percent to 1,325.36 at the close in Tokyo after rising as much as 0.9 percent. The Nikkei 225 Stock Average was little changed. The BOJ is widely expected to add to stimulus at the end of a two-day meeting on July 29, with an overwhelming majority of economists surveyed by Bloomberg News forecasting more easing. The Federal Reserve also meets this week to give its verdict on interest rates.