Japan’s Nikkei fell 2.98% on Friday, leading the global market sell-off. This was the biggest single-day loss in in five months. While the Asian markets were open, the Bank of Japan reiterated its easy monetary policy framework, as expected. However, it cut its outlook for exports and industrial output. But we can’t ignore the likely effects of geopolitical turmoil on the markets. The Japanese yen, which is widely considered to be a safe-haven asset class, climbed 0.3% against the dollar and 0.1% against the euro. A stronger yen makes Japanese goods less competitive in the global marketplace; in other words …read more
Source: Business Insider
