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Bank of Japan Governor Kazuo Ueda arrives to conduct an interview with a small group of journalists in Tokyo on May 25, 2023.
Richard A. Brooks | AFP | Getty Images
Asia-Pacific markets largely fell ahead of the Bank of Japan’s rate decision on Friday.
Japan’s central bank is expected to keep its benchmark policy rate unchanged at -0.1%, but investors will be keenly watching for any signs of a shift in stance towards its yield curve control policy.
The Nikkei 225 tumbled 1.35% in early trade, while the Topix saw a smaller loss of 1%.
In Australia, the S&P/ASX 200 fell 0.76% ahead of its producer price index figures for the second quarter.
South Korea’s markets were more mixed, with the Kospi down 0.25% and the Kosdaq up 0.51%.
Futures for Hong Kong’s Hang Seng index also point to a lower open for the index, standing at 19,347 compared to the HSI’s last close of 19,639.11.
Overnight in the U.S., all three major indexes slid, with the Dow Jones Industrial Average losing 0.67% and snapping its 13-day winning streak.
Should the Dow have recorded a 14th straight day of gains, the index would have tied its record winning streak going way back to 1897.
Separately, the Nasdaq Composite shed 0.55%, while the S&P 500 dropped 0.64%.
— CNBC’s Sarah Min and Samantha Subin contributed to this report
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