ASIA’S DAY: Japan’s Nikkei 225 added 0.7 percent to finish at 17,037.63.
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GLOBAL MARKETS: In Europe, Germany’s DAX ended 0.1 percent lower at 10,672.22 while the CAC-40 fell 0.02 percent to 4,541.08.
“Buying foreign bonds would have an impact on the currency market, so it would be hard to do under the current G-20 framework”, said Shirai, now a professor at Japan’s Keio University.
Global shares were mostly higher in quiet trading on Tuesday after USA markets were closed for the Labor Day holiday.
Another survey of British economic activity provided further evidence that the British economy has held up better than many people expected following the June vote to leave the European Union.
“We will add that we have been fooled by the FOMC on September moves in prior years and vow not to fall into that same trap again”, Loh wrote.
Markets were also keeping a watch on the two-day summit of leaders from G20 nations, in Hangzhou, China.
Mr Kuroda, governor of the BoJ since 2013, claimed the central bank’s policies “have contributed significantly to the positive turnround in Japan’s economy” and said there was no chance of reducing the level of monetary accommodation.
In morning trade West Texas Intermediate was down 0.8 percent at 44.09 and Brent shed 0.8 percent to 46.45.
He shrugged off growing market concerns that the central bank’s policies were reaching their limits, stressing that the BOJ had room to deepen negative rates even as he acknowledged that the policy had its own risks.
Ohta said that investors would continue to study Japan monetary policy headlines and USA economic indicators – the key factors setting market direction for now.
The dollar fell to 103.37 yen at 0710 GMT from Y103.99 late Friday in NY, according to EBS.
Most economists expect the central bank to hold policy steady, though some believe the ECB could extend its asset buying program.
Analysts said the comments were some of the strongest indications yet the Bank could increase the size of its ¥80 trillion (£581bn) a year quantitative easing programme or take interest rates further into negative territory at one of three meetings it has scheduled for the rest of the year. Brent crude, the benchmark for global oil prices, lost 28 cents to $47.35 a barrel.
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Brent crude futures for November delivery were up 71 cents at $47.54 a barrel having been as high as $49.40, and USA crude for October delivery was up at $45.15 having been as high as $46.53. But for the week Brent fell 6 per cent, its biggest drop in five weeks, while USA crude fell almost 7 per cent for its largest decline in eight weeks.
