Japan's stock market has hit its highest level in
almost five years, after a central bank stimulus plan raised hope of economic
revival.
The main Nikkei 225 stock index climbed as much as
4.7% to 13,225.62, its highest since August 2008.
The Bank of Japan said on Thursday it would double
the country's money supply to spur growth and halt falling prices.
The step was much bigger than expected and signalled
a more aggressive approach towards driving growth.
After a day of heavy trading, the Nikkei closed up
1.58%, or 199.10 points, at 12,833.64.
The president of the World Bank, Jim Yong Kim,
welcomed the Bank of Japan's commitment to "doing what it takes" to
restart growth.
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