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Tokyo shares mixed in morning trade

Tokyo, Oct 5, 2010 (Calcutta Tube/DPA) Japanese stocks were mixed in Tuesday morning trading as investors were cautious ahead of an expected decision by the Bank of Japan whether to further ease monetary policy.

The benchmark Nikkei 225 Stock Average gained 1.53 points, or 0.02 percent, to trade at 9,382.59 while the broader Topix index was down 0.54 points, or 0.07 percent, at 822.20.

Investors were focusing on whether the bank would decide to take additional easing steps as Japan is struggling with the yen’s rise and a slowing economy. The bank was expected to issue a statement after its two-day policy meeting.

On currency markets at 9 a.m. (0000 GMT), the dollar traded at 83.57-60 yen, up from Monday’s 5 p.m. quote of 83.23-25 yen.

The euro traded at 1.3648-3652 dollars, down from 1.3734-3736 dollars Monday, and at 114.07-10 yen, down from 114.31-35 yen.

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