we did see sumitomo realty and development down. and that's to the speculation the bank of japan won't cut interest rates further. trading is expected to be thin the whole week as many people here in japan stay away from the holidays. i'm ramin mellegard at the tokyo stock exchange. >>> and moving on to other markets in the asia pacific region. in china the shanghai composite retreated nearly 0.5% from a seven-month high. many investors booked profit in financials. the benchmark in sydney snapped two days of gains. but shares rose on a rally in oil prices. seoul was back from holiday ending the day a touch lolower. and hong kong slid back from monday's nine-month high. >>> the bank of japan introduced its negative interest rate policy six months ago. the move has encouraged home refinancing. but it's gaining for boosting investment or consumptionon or pullining the country out of deflation. boj officials started applying a minus rate to a portion of the balances held by banks at the central bank. this means the financial institution

sumitomo fell more than 4%. casio computer hit the lowest level in two years. the maker of electronics reported a decline in profits and sales for the first quarter. also crude oil has fallen to nearly four-month lows. inpex fell 0.3%. investors were left unimpressed. traders are now looking to the bank of england which holds its policy meeting on thursday. i'm giang nguyen reporting from the tokyo stock exchange. >>> moving on to other markets, the shanghai composite up to finish at 2,978. some investors were encouraged to buy as an economic planning agency advised further monetary easing. the benchmark in thailand up by 0.7% finishing at 1,507. hong kong's hang seng index dropping by almost 1.8%. all sectors in the negative one day after a typhoon forced the market to close. >>> it's school holiday time in japan. and for some kids that's an opportunity to learn more about what makes the ecomy tick from banking to shipping. school holiday groups visited the bank of japan for a special seminar about money and the central bank's role. officials explained special

sumitomo down 4%. and nissen holdings surged. discussing makes it a subsidiary. i'm phoebe amoroso reporting from the tokyo stock exchange. >>> moving on to other in asia pacific region. australian shares sliding by 0.8% closing at 5,540 snapping a six-day winning streak. the country's central bank decided to cut its key interest rate to a record low of 1.5%. major banks fell on concern that the lower rate may reduce profits. 2,971 the finishing number there. share property shares rebounded. singapore meanwhile down by 1.2% on lower oil prices and the jakarta compass sit gaining by 0.2%. >>> people investigating the mileage cheating scandal at mitsubishi motors say poor governance was a factor. they say as far back as five years ago, executives ignored claims of irregularities in the firm's development section. aa panel of lawyers and other experts spent three months investigatating the scandal. they released a report that said more than one employee raised problems. the report says executives didn't properly investigate. instead they decided there was nothing wr

data for the financial sector leading the gains, mitsubishi and sumitomo mitsui both rose by 5%. daiichi life insurance gained 6.5%. tokyo electron was up 5%. toyota and honda up more than 3%. and the dowa holdings were up 16%. it reported an operating drop april to june but still better than expectations. this week investors will be focusing on key data from china. inflation numbers will be released on tuesday. and industrial output is due out on friday. phoebe amaroso reporting from the tokyo stock exchange. >> phoebe, thanks. up next, the extended world weather forecast. ♪ ♪ >>> for updates and special reports, be sure to watch úd >> thank you for joining us. here are the top stories. ban on all of its athletes in the month's paralympics is tantamount to human rights abuse. accusationss after of doping. the emperor of japan gives the clearance sign he is ready to abdicate. he hinted at the possibility and a rare speech today. been killedle have in a blast in pakistan. wasexplosion at a hospital a suicide attack. the head of the russian paralympic committee has slammed the dec