Japan's central bank surprises market with bigger than expected asset purchases

The Bank of Japan eased monetary policy on Wednesday by boosting asset purchases by double the usual amount, as slowing global demand and mounting tensions with China have hurt chances of a near-term recovery in the export-reliant economy.

The yen weakened broadly, cash bonds rose and Tokyo’s Nikkei stock average hit a four-month high on the decision to expand its stimulus measures, in a move that came a month earlier than many market players had expected.

via Business feed http://www.scmp.com/business/economy/article/1040581/japans-central-bank-surprises-market-bigger-expected-asset