TOKYO:Tokyo stocks opened 0.14 per cent down on Thursday after the yen strengthened against the dollar as speculation by investors that the US Federal Reserve would hike rates receded.
The Nikkei 225 index at the Tokyo Stock Exchange fell 28.37 points to 20,194.26 yen at the start.
US policy makers said at their meeting in July that they need to see further improvement in the labour market and inflation rate before raising interest rates for the first time in nearly nine years, the Fed minutes showed Wednesday.
“The Fed is lacking decisive reasons to raise rates,” Mitsushige Akino, executive officer at Ichiyoshi Asset Management, told Bloomberg News.
