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Japan's Nikkei retreats from record high ahead of expected BOJ rate hike

BY Reuters | ECONOMIC | 06/15/26 08:20 PM EDT

TOKYO, June 16 (Reuters) - Japan's Nikkei share average retreated from a record high in early trade on Tuesday, as traders awaited a Bank of Japan policy decision later in the day.

Market participants widely expect a quarter-point rate hike from the central bank and a signal of more to come. The decision doesn't come at a fixed time, but is generally announced between 0300 and 0500 GMT, midway through the trading day.

The Nikkei eased 0.2% to 69,182.87, falling back from an all-time peak of 69,682.23 reached on Monday.

The broader Topix declined 0.3% to 3,986.95, after also marking a historic high in the previous session at 4,032.39.

On the Nikkei, 155 of its 225 components were down, while 70 rose.

Heavily weighted AI stocks were split, with Advantest (ADTTF) gaining 3.3%, while SoftBank Group (SFTBF) slid 3.1%. Tokyo Electron (TOELF) slipped 0.8%. (Reporting by Kevin Buckland; Editing by Subhranshu Sahu)

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