World stocks rise after BOJ acts on economy
BANGKOK -- World stock markets rose Thursday and the dollar jumped against the yen after the Bank of Japan said it would massively expand the money supply to create inflation and lift the country out of its long economic malaise.
At the end of a two-day meeting, the central bank said it would double the money supply through purchases of government bonds and other measures. The announcement pulled Japan's Nikkei 225 stock index out of the red. It soared 2.2 percent to close at 12,634.54. The dollar rose sharply, to 95.40 yen from 92.84 yen late Wednesday in New York.
It was the first Bank of... read more
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