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International Business Times
International Business Times
World
AFP News

Asian Markets Drop On Economy Worries, Yen Rallies

The yen hit a nine-month high against the dollar after a Bank of Japan official said it would keep tightening monetary policy if the economy performs as expected (Credit: AFP)

Equities slipped Wednesday following a mixed day on Wall Street, as worries about the world's top two economies offset optimism that the Federal Reserve will start cutting interest rates next week.

Meanwhile, the yen hit its highest level in nine months after a Bank of Japan official said decision-makers would stick to their tightening plan if the economy and inflation perform as expected.

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