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Follow on Google News | Japan is the Main News in Asian Trading on Monday 25th April 2016The Japanese economy is the main focus today ahead of its 2-day central bank meeting which starts tomorrow.
By: Baumann Group Japan is the Main News in Asian Trading on Monday 25th April 2016 The Japanese economy is the main focus today ahead of its 2-day central bank meeting which starts tomorrow. The Japanese Nikkei 225 was down again today as investors anticipated the BOJ's next moved to be announced on Wednesday. The bank is expected to keep its policy the same however some commentators have said that there could be a move to apply negative rates to its financial institutional lending program, a report on the Bank of Japan's plans is expected to be released later this year and this is probably when we will actually see a move. Off the back of last week's trouncing of Mitsubishi, the Nikkei could do without further profit taking. The index was down ¾ of a percent after lunch. Australian markets are closed for Anzacs Day. The AUD/USD gained some ground in the morning seeing 0.7720 in afternoon trading. Australian banks and mining stocks have been hit hard recently yet the recent positive news out of China and a reprieve in commodity prices have seen the ASX recover some of the ground it had given up. Major Asian Index Opens 25th April: ASX 200 - Closed Nikkei 225 - 17,439.62 Hang Seng - 2,1371.76 SSE Comp - 2,959.24 Asian markets are expected to remain cautious ahead of both the Bank of Japans and the Federal Reserve's announcements, both due later on Wednesday afternoon. The Baumann Group are specialists in seeking out high return products or services across industries that are showing the best returns. We tirelessly scour the development programs looking for companies capable of disrupting existing technologies, products or services with ground-breaking technology or revolutionary production methods or services that can seriously impact the future. The ways in which we aid these companies from their outset to their realization of their goals, means that we, in turn, fulfil our vision for the future at The Baumann Group. Visit http://www.baumanngroup.com to see how our advisors can help you navigate your path to financial freedom and independence. End
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