The Stock Market in Japan Closed Slightly Higher on Wednesday

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The stock market in Japan closed slightly higher on Wednesday after a wait-and-see trading session.

 

Investors waited ahead of the US Federal Reserve’s (Fed) interest rate decision, which will be released later in the day.

The Bank of Japan policy meeting, scheduled for Thursday, was also anticipated. Elsewhere in the Asian region, stock market indicators showed a mixed picture.

The Nikkei in Tokyo ended with a plus of 0.1 percent at 23,475.53 points. Export companies such as car manufacturer Honda and technology company Canon were struggling with a more expensive Japanese yen and lost 2.6 and 2.1 percent.

It was also found that exports from Japan contracted by 14.8 percent on an annual basis in August, after a 19.2 percent decline in July. Economists had expected a contraction of exports of more than 16 percent.

Tech investor SoftBank gained 4.6 percent thanks to substantial price gains among American technology companies.

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