Elusive S&P record looms as investors weigh data, Fed

Japan’s Nikkei share average fell on Friday after 10-year government bond yields dropped to a record low, rattling investors who were already cautious ahead of policy decisions from the U.S. Federal Reserve and Bank of Japan next week.

The Nikkei fell 0.4 percent to 16,601.36 points. For the week, it dropped 0.2 percent.

Earlier in the day, the 10-year government bond yield dropped to minus 0.140 percent.

The broader Topix fell 0.5 percent to 1,330.72 and the JPX-Nikkei Index 400 shed 0.5 percent to 11,981.60.

The Fed holds a policy meeting through June 14-15, while the Bank of Japan concludes its two-day policy meeting on June 16.

Source: Reuters