TOKYO: Japan's Nikkei braced on Friday for its biggest weekly drop in more than two years as markets fell for a fifth session in six, with investors awaiting a Bank of Japan (BOJ) policy decision after Swiss and United Kingdom rate hikes sent global markets lower overnight.
The Nikkei share average fell 2.17% to 25,858.50 by the midday break, slipping below the 26,000 mark for the first time since May 13. The index has lost almost 7% so far in the week in what would be its biggest drop since the week ended April 2020.
