Should Investors Brace for Further Negative Rate Action?
Japanese shares fell with banks leading declines, as uncertainty mounts in global financial markets over what’s in the pipeline from central bankers. The benchmark Topix index looked set to extend its decline into a sixth day as of 12:52 p.m. in Tokyo, after American equities and bonds slumped ahead of next week’s Federal Reserve meeting. The Bank of Japan gathers for a decision on monetary policy around the same time, with analysts torn over what to expect. Slightly more than half the economists surveyed by Bloomberg forecast an expansion of monetary stimulus from the BOJ this month while others pointed to the possibility of action in November, December and next year. Swissquote Head of Market Strategy Peter Rosenstreich discusses with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."