SINGAPORE — Shares in Asia-Pacific were lower on Thursday as the Bank of Japan announced its decision to hold steady on monetary policy.
The Nikkei 225 in Japan declined 0.96% to close at 28,820.09 while the Topix index shed 0.7% to 1,999.66. Retail sales in Japan fell 0.6% in September from a year earlier, according to government data released Thursday.
The Bank of Japan kept interest rate targets unchanged on Thursday and the central bank cut its real GDP growth outlook and consumer inflation forecasts for fiscal 2021.
Mainland Chinese stocks also closed lower, with the Shanghai composite slipping 1.23% to 3,518.42 and the Shenzhen component dipped 1.033% to 14,244.82. Hong Kong’s Hang Seng index shed 0.28% to end its trading day at 25,555.73.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.32% lower.
Oil drops around 1%
Oil prices were lower in the afternoon of Asia trading hours, with international benchmark Brent crude futures slipping 0.96% to $83.77 per barrel. U.S. crude futures declined 0.91% to $81.91 per barrel.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.773 — still off levels around 94 seen recently.