The decision by Japan's central bank's decision was “striking dovish" compared with other central bank moves, Marcel Thieliant of Capital Economics said in a commentary.
World shares mixed after tech-led retreat on Wall Street | Technology
He noted that unlike other major economies, inflation is not a big concern. The BOJ has been trying and failing for years to attain an inflation target of 2%.
“The upshot is that the Bank of Japan will remain among the few central banks that won’t tighten policy for the foreseeable future," Thieliant said.
Germany's DAX shed 0.8% to 15,513.92 and the CAC 40 in Paris lost 0.7% to 6,953.55. Britain's FTSE 100 gave up less than 0.1%, to 7,258.03. The future for the S&P 500 was down 0.2%, while the contract for the Dow industrials was nearly unchanged.
In Asian trading, Tokyo’s Nikkei 225 index dropped 1.8% to 28,545.68, while the Kospi in Seoul recovered from earlier losses to gain 0.4%, at 3,017.73. In Australia, the S&P/ASX 200 edged 0.1% higher to 7,304.00.
Hong Kong’s Hang Seng lost 1.2% to 23,192.63. The Shanghai Composite index gave up 1.2% to 3,632.36. Tensions between the U.S. and China were in the spotlight after the U.S. Congress approved legislation barring all imports from China’s Xinjiang region unless businesses can prove they were produced without forced labor.
Gloss