Bank of Japan easing gives boost to Japanese stocks on Wednesday

The Nikkei average hit a four-month closing high on Wednesday after the Bank of Japan eased monetary policy to bolster an export-driven economy that’s struggling with sluggish global demand and fallout from a territorial dispute with China, Japan’s biggest trading partner.

On the heels of another round of stimulus by the U.S. Federal Reserve, the BOJ said it would expand its asset buying and loan programme by 10 trillion yen (US$127.21 billion) to 80 trillion yen.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1040626/bank-japan-easing-gives-boost-japanese-stocks