By Shinichi Saoshiro
TOKYO, Aug 22 (Reuters) - Japan's Nikkei was little changed on Wednesday, as investors held positions ahead of a key central bankers' gathering in the United States, which could provide markets with some near-term cues.
The Nikkei share average was up 0.02% at 20,622.01 as of 0215 GMT.
Markets are in a holding patter ahead of Federal Reserve Chair Jerome Powell's speech on Friday at the Jackson Hole, Wyoming, conference of central bank officials. Investor focus will be on Powell's comments on monetary policy and any hints he provides ahead of September's rates meeting, at which the Fed is widely expected to ease policy.
Cosmetics makers and retail store operators popular with tourists rose after government data showed the number of foreign visitors to Japan in July increased 5.6% from the previous year. 4911.T was up 4.9%, leading the index on percentage gains. Fellow cosmetics companies Fancl Corp 4921.T climbed 2.9% and Kose Corp 4922.T added 3.1%.
Technology shares advanced on the back of continuing strength in their U.S. counterparts, which have helped Wall Street's strong over the past week.
There were 106 advancers on the Nikkei index against 111 decliners.
The largest percentage losses in the index was CyberAgent Inc 4751.T , which fell 3.1%.
The broader Topix .TOPX dipped 0.08% to 1,496.26. (Editing by Sam Holmes)
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.