MarketWatch (04/4) - LOS ANGELES - The
Bank of Japan satisfied markets with a host of new monetary easing
Thursday that sent the yen tumbling and stocks paring their losses
sharply.
The central bank said it would introduce 'quantitative
and qualitative monetary easing,' with steps including hiking purchases
of Japanese government bonds to an annual pace of 'about 50 trillion
yen' ($530 billion), buying bonds of all maturities rather than the
previous three-year-from-maturity limit, increasing purchases of
exchange-traded funds and real-estate investment trusts, and terminating
its previous asset-purchase program.
The stock market cheered
the results, with the Nikkei Stock Average paring its 1.7% loss to a
0.3% fall. Likewise, the yen plunged, with the dollar shooting up to
93.70 yen in a matter of minutes from ¥92.90 just ahead of the result.
http://www.marketwatch.com/story/bank-of-japan-adds-to-easing-yen-falls-sharply-2013-04-04
No comments:
Post a Comment