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By Sam Byford
July 21 (Reuters) – Japanese stocks were largely flat on Thursday ahead of the Bank of Japan’s financial policy meeting, while positive signals from Wall Street overnight helped generate losses.
Japan’s average Nikkei inventory fell 0. 08% to 27,657. 53 at the end of the morning session, near a six-week high on Wednesday.
The broadest Topix 0. 28% to 1,941. 00.
“The reaction to yesterday’s rally may intensify” if the Nikkei falls below its 200-day moving average of 27,600, a market participant at a domestic stock firm said.
The market took a wait-and-see stance before the financial policy meetings of the Bank of Japan and the European Central Bank later in the day, another national securities broker said.
Of the 225 Nikkei voters, 146 fell, won and 11 remained stable.
The pharmaceutical company Shionogi
Steel companies also fell after the U. S. The U. S. will vote to make larger metallurgical projects in Japan, China, India, South Korea and the U. K. for five years, while the same projects for Brazil.
Kobe Steel Ltd lost 4. 25%, while Nippon Steel Corp fell 3. 88%. Pacific Metals Co Ltd, which basically makes and sells nickel, rose 1. 45%.
Technology companies were among the most productive players at the start of the session. NTT Data Corp was the most sensible winner, up 1. 65%.
Nikon Corp gained 1. 63%, Fujitsu Ltd gained 1. 53% and TDK Corp gained 1. 45%. (Reporting via Sam Byford and the Tokyo Markets team; editing via Rashmi Aich)