Asian shares slip after Japan bank adjustment

By Agence France-Presse

Dec 21, 2022 12:16 am

HONG KONG: Markets fell in Asia on Tuesday and the yen rallied after Japan announced a surprise tweak to its ultra-loose monetary policy, just as traders were fretting that central bank efforts to tame inflation would tip economies into a recession.

Sentiment was also being weighed down by a spike in coronavirus infections in China as officials rolled back many of the strict containment measures that have been in place for almost three years.

A man looks at an electronic board showing the numbers on the Tokyo Stock Exchange on a street in Tokyo on Tuesday, Dec. 20, 2022. AFP PHOTO

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