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Asian stock markets have seen another day of falls in the value of equities as traders continue to fret about a possible U.S. recession. MOREINFO: Notably, the Bank of Japan kept interest rates steady and warned of slower growth in the world's No.2 economy. The Nikkei added to a 17% tumble so far this month Tuesday, while the yen rose to a 2-year high against the dollar. SCRIPT: The Bank of Japan kept interest rates steady and warned of slower growth in the world's No.2 economy Tuesday, as U.S. recession fears jolted the nation's stock market to multi-year lows. The Nikkei added to a 17% tumble so far this month Tuesday, while the yen rose to a 2-year high against the dollar. BOJ Governor Toshihiko Fukui, who leaves office in March, has overseen two rate hikes to 0.5%, but financial markets are now betting the current global turmoil may lead to a Japanese rate cut before yearend. The U.S. Federal Reserve, meanwhile, is expected to trim interest rates by up to a half percent when it next meets. Japan's Economic Minister said Tuesday she expected the BOJ to take current market turbulence into account in deciding policy, although the government did not plan any special measures unlike the U.S. Separately, billionaire investor George Soros in a newspaper interview said the world faced its worst financial crisis since World War II as the U.S. was threatened with recession. Dan Sloan reporting.