Wed, 19 Sep 2012 09:20:14 GMT
Bank of Japan eases monetary policy on Wednesday
On Wednesday, the BOJ eased monetary policy through supporting its asset buying program, as weakening exports and outcome from a territorial conflict with China showed that prospects of a short-term recovery in Japan's economy faded. The Yen dropped to a month low, bonds advanced and Nikkei stock average reached a four-month high amid the decision of a bigger-than-forecast stimulus.