Action by leading central banks raises hopes for Asian economic growth

The world's three major central banks have given a "sugar boost" to equity markets in the past couple of weeks.

The United States Federal Reserve has launched the third round of Quantitative Easing (QE3); the European Central Bank (ECB) said it was committed to buying bonds of struggling euro-zone countries to lower yields; and the Bank of Japan said it would boost the size and duration of a government bond-buying programme, intended to encourage borrowing and spending and make Japan's exports more competitive.

via Business feed http://www.scmp.com/business/economy/article/1042372/action-leading-central-banks-raises-hopes-asian-economic-growth