Mainly negative Asian stock exchanges: the Nikkei 225 index on the Tokyo stock exchange lost 0.98% to 28,003.08 points; the Shanghai stock exchange falls by 0.59%, Hong Kong is + 0.31%, Sidney flat, Seoul -0.37%.
Focus on the Bank of Japan, the central bank of Japan, which confirmed the target of short-term interest rates at -0.1%.
The 10-year government bond rate target, which remains around zero per cent, has also been confirmed. The BoJ led by Haruhiko Kuroda, as leaked by the rumors of the eve, has cut the outlook on the growth of the GDP of Japan for the current fiscal year, from + 4% estimated in April to + 3.8%; the estimates on GDP growth for the fiscal year 2022-23 have instead been revised upwards from + 2.4% previously to + 2.7%; those of the fiscal year 2023-2024 remained unchanged at + 1.3%.
The Bank of Japan has also revised upwards its inflation estimates this year, expecting an acceleration of + 0.6% on an annual basis, compared to the + 0.1% expected in April. For fiscal year 2022, the outlook has been revised upwards from the previous + 0.8% to + 0.9%; for 2023 the forecasts have remained the same, with inflation rising by 1%.
Yesterday a mixed close for Wall Street, with the S&P 500 dropping 0.33% to 4,360.03 points and the Nasdaq Composite dropping 0.7% to 14,543.13. The Dow Jones Industrial Average, on the other hand, rose 53.79 points to 34,987.02 points.