The Japanese Nikkei index closed lower on Tuesday, July 25, and the losers were led by technology stocks with a weight on the index, as risk appetite was affected by caution ahead of decisions on interest rates from major global central banks, including the Bank of Japan.

The Nikkei fell 0.06% to close at 32,682.51 points, after a decline of 0.6% earlier in the session.

The broader Topix index closed up 0.18%, at 2285.38 points.

Expectations are broadly that the Bank of Japan will keep its policy of adopting ultra-low interest rates unchanged at its two-day meeting, which begins on Thursday.

The US Federal Council is expected to raise interest rates by 25 basis points at its monetary policy meeting tomorrow, Wednesday.