Tokyo stocks end lower before central bank meetings in U.S., Japan-Xinhua

Tokyo stocks end lower before central bank meetings in U.S., Japan

Source: Xinhua

Editor: huaxia

2024-12-17 16:55:15

TOKYO, Dec. 17 (Xinhua) -- Tokyo stocks closed slightly lower on Tuesday amid a wait-and-see approach ahead of key monetary policy meetings in the United States and Japan.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 92.81 points, or 0.24 percent, from Monday at 39,364.68.

The broader Topix index, meanwhile, finished 10.13 points, or 0.37 percent, lower at 2,728.20.

The Bank of Japan will convene its policy meeting on Wednesday and Thursday, while the Federal Reserve will hold its two-day meeting starting later in the day amid expectations the U.S. central bank will lower interest rates.

Investors became cautious ahead of key events, analysts said, noting some investors tend to adjust their positions by selling some stocks in such a situation.