By Laura He, CNN Hong Kong (CNN) — Japan’s Nikkei 225 suffered major losses for a second straight day on Friday with traders expecting the country’s central bank to further tighten monetary policy. The Nikkei 225 sank 4.5% on Friday, extending a global stock rout that started following the release of weak US economic data. That’s after the benchmark ended 2.5% lower on the previous day. The index is now heading towards its lowest level since February. The Bank of Japan (BOJ) raised interest rates by 15 basis points to 0.25% on Wednesday, its second hike this year, and announced plans to taper off its policy of bond buying. The announcement marked a fresh ongoing effort by the BOJ to n
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