BANGKOK (AP) - Asian stock markets rose Wednesday after the Bank of Japan became the latest major central bank to announce action to shore up fragile economic growth.
The Japanese central bank said it was extending monetary easing by increasing its asset purchasing fund to 55 trillion yen ($700 billion) from 45 trillion yen, to counter the strength of the Japanese yen.
That followed moves by the U.S. Federal Reserve to stimulate growth through so-called quantitative easing. The Fed said last week it will purchase an average of $40 billion a month in mortgage-backed securities until the economy shows significant improvement.
First Coast News