Japan’s Nikkei slips on firmer yen amid BOJ rate hike bets; logs worst month since April
Live MintBy Brigid Riley TOKYO, - Japan's Nikkei share average fell on Friday as the yen strengthened on growing expectations of an interest rate hike by the Bank of Japan after hotter-than-expected inflation data. Meanwhile, banks and insurance stocks were boosted by prospects of the rate hike, sending Dai-ichi Life Holdings soaring 3.5% and Chiba Bank rallying 4.2% to land among the Nikkei's top percentage gainers. The benchmark posted a 2.2% decline in November, its worst monthly performance since April, as the market struggled amid geopolitical uncertainties and the U.S. presidential election. The Nikkei will likely continue trading in a range next week, with more potential comments from Trump among items in focus next week, said Kazuo Kamitani, an equities strategist at Nomura Securities.