TOKYO: Japan’s Nikkei share average rebounded from a one-month low on Friday as buyers took advantage of recent dips, but trade was cautious ahead of a Bank Of Japan policy decision and its governor’s comments after the meeting.
The Nikkei share average rose 0.7 per cent to 20,131.95 points by mid-morning after dipping below the 20,000-mark for the first time since mid-May.
At the two-day meeting ending on Friday, the BOJ is expected to maintain its massive asset buying programme and pledge to increase base money at an annual pace of 80 trillion yen ($650 billion).
Analysts said that although the market recovered from a drop on the previous day, it could still be volatile depending on the outcome of the BOJ meeting.
