Japan’s Nikkei reverses gains on BOJ’s rate hike bets, stronger yen – Markets

TOKYO: Japan’s Nikkei share average reversed early gains to inch lower on Wednesday, as escalating bets on the Bank of Japan’s interest rate hike and a stronger yen dampened sentiment.

The Nikkei had slipped 0.18% to 38,727.19 by the midday break after opening higher and rising as much as 0.8% tracking US equities’ overnight gains.

“Market fundamental was not weak but short-term…