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Shares in Asia gain as BoJ extends maturity on JGB buying

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Investing.com -

Investing.com - Shares in Tokyo gained on Friday as the central bank moved to make monetary conditions a bit easier, though with some fightback from the board.

The Nikkei 225 rose 0.89%, while the S&P/ASX 200 gained 0.03% and the Shanghai Composite was flat.

The Bank of Japan voted 8 to 1 as expected to keep its monetary base easing at Y80 trillion annually, but extended the maturity to 7 to 12 years and setup a new program for exchange traded fund buying in a narrower 6 to 3 vote.

The views on the economy remained stable as continuing to recover, while inflation was seen flat year-on-year.

Earlier, China reported house prices year-on-year for November rose 0.9%, along woith an ANZ business confidence survey for December in New Zealand showed a gain to plus-23, an eight-month high, from plus-14.6 in November.

Overnight, U.S. stocks were lower after the close on Thursday, as losses in the Oil & Gas, Basic Materials and Industrials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 1.43%, while the S&P 500 index declined 1.50%, and the NASDAQ Composite index declined 1.35%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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