Japan Shares Rise for First Time in Eight Days as Banks Rebound
- Investors awaiting monetary decisions next week from Fed, BOJ
- Banks lead gains after declining for four straight sessions
BOJ and the Fed Keep Investors Guessing
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Shares in Tokyo rebounded from their longest losing streak in 2-1/2 years as banks rose for the first time in five days ahead of Bank of Japan and Federal Reserve monetary policy meetings.
The Topix index pared its weekly drop to 2.4 percent by the close of trading Friday after U.S. equities gained amid receding expectations for an imminent U.S. interest-rate increase. Japanese stocks have been hampered recently as volatility returned amid prospects of a rate cut deeper into negative territory at home, while globally investors have become concerned central banks may be preparing to scale back their ultra-easy monetary policies.