SINGAPORE — Shares in Asia-Pacific were lower in Thursday trade as the Bank of Japan announced its decision to hold steady on monetary policy.
The Nikkei 225 in Japan declined 1.05% while the Topix index shed 0.69%. 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.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.22% lower.
Oil prices were lower in the morning of Asia trading hours, with international benchmark Brent crude futures slipping 2.01% to $82.88 per barrel. U.S. crude futures declined 1.78% to $81.19 per barrel.
Overnight stateside, the Dow Jones Industrial Average dropped 266.19 points to 35,490.69 while the S&P 500 slipped about 0.51% to 4,551.68. The Nasdaq Composite was flat at 15,235.84.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.811 — still off levels around 94 seen recently.