Affected by the Bank of Japan monetary policy meeting to increase monetary easing efforts stimulus, the Nikkei index of the Tokyo stock market on Thursday recovered the decline into soared 272.34 points closing at 12,634.54 points, or 2.20%. The Topix index rose 27.33 points to 1037.76 points, or 2.70.
This is the new President Haruhiko Kuroda took office for the first time the central bank's monetary policy meeting. The Bank of Japan announced that it will launch a "qualitative and quantitative monetary easing" combination punches that its monetary policy steering.
The BOJ measures taken include: Japanese government bond purchases to 50 trillion yen a year ($ 530 billion) to buy bonds of longer maturity time break before the three-year limit to increase the purchase of the ETF and real estate investment funds, Japanese bonds and exchange-traded fund holdings doubled within two years, before the end of the asset purchase program.
Specifically, the Bank of Japan announced that it would purchase a maturity of up to seven bonds, the maximum duration of 40-year bonds for debt purchase plan. The annual purchase of 1 trillion yen ETF, an annual 30 billion yen purchase of real estate investment trust. Policy objectives changed the base currency to strengthen monetary easing the annual increase will be about 60000000000000-70000000000000 speed.
Baked with the new policy of the central bank, the yen fell sharply. USDJPY (95.39,2.3100,2.48%) straight line rising from 93 below to 94 above. The 10-year yield fell below 0.50 percent again refresh the intraday low since June 2003.
No comments:
Post a Comment