The Nikkei average fell 0.74 percent to 34,831.15 while the broader Topix index closed 1.11 percent lower at 2,461.70.
The U.S. dollar briefly fell to the mid-145 yen range after a summary of opinions at the Bank of Japan’s July policy meeting showed some members see room for further rate hikes and policy normalization.
Japan posted a current account surplus of 1.533 trillion yen in June, the Ministry of Finance said on Thursday – up 0.9 percent on year. Imports were up 3.4 percent on year at 8.612 trillion yen, while exports rose an annual 5.9 percent to 9.169 trillion yen for a trade surplus of 556.3 billion yen.
The capital account showed a deficit of 53.6 billion yen, while the financial account had a shortfall of 1.716 trillion yen.
The value of overall bank lending in Japan was up 3.2 percent on year in July, the Bank of Japan said on Thursday – coming in at 624.67 trillion yen.
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First Published: Aug 08 2024 | 4:56 PM IST
