Nikkei Index Closes Down 1.79%... Impact of Bank of Japan's Reduced Funding Support
![[Image source=Reuters Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2021121713035365799_1639713833.jpg)
[Asia Economy Reporter Hyunwoo Lee] The Japanese stock market plunged sharply after three trading days as investors sold off following the Bank of Japan's decision to gradually reduce its COVID-19 financial support measures.
On the 17th at the Tokyo Stock Exchange, the Nikkei 225 index closed at 28,545.68, down 1.79% (520.64 points) from the previous trading day. The TOPIX index ended the day at 1,984.47, down 1.42% (28.61 points).
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
According to Nihon Keizai Shimbun (Nikkei), the Bank of Japan decided, following its financial policy meeting that continued from the previous day, to gradually reduce the COVID-19 financial support policy that has been in place since March, involving the purchase of corporate bonds and commercial paper (CP) up to a ceiling of 20 trillion yen (approximately 210 trillion won). The support policy is scheduled to end in March next year, marking one year since its implementation.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
