Asian stock markets mostly advanced Tuesday after the Bank of Japan (BoJ) raised its inflation target and adopted an open-ended asset purchasing program at the end of its two-day policy meeting.
Hong Kong's Hang Seng advanced 0.12 percent or 28.06 points to 23,618.97, South Korea's KOSPI Composite gained 0.49 percent or 9.66 points to 1,996.52 and Indian benchmark BSE Sensex rose 0.15 percent, while Japanese benchmark Nikkei declined 0.35 percent or 37.81 points to 10,709.93 and Chinese Shanghai Composite fell 0.65 percent.
Japan's central bank formally adopted a 2 percent inflation target Tuesday and also introduced an open-ended asset purchasing method as part of its aggressive monetary stimulus measures intended to revive the economic growth momentum in the world's third largest economy. The central bank will purchase 13 trillion yen ($145 billion) in assets every month from January 2014 including 2 trillion yen in Japanese government bonds and about 10 trillion yen in treasury bills.
This Monday, members of the seminal metal band X Japan were in Odaiba rubbing shoulders with the likes of Brad Pitt, Lady Gaga and AKB48′s Yuko Oshima. The catch? They were all made out of wax. (Japan Times )
The parents of a nightclub worker killed in an arson fire three years ago filed a suit in the Nagoya District Court on Monday seeking damages against top members of the Yamaguchi-gumi organized crime group. (Tokyo Reporter )
Kyodo News said Monday that it has dismissed Satoshi Kondo, 51, deputy chief of its general administration bureau and former personnel affairs division chief, for meeting individually with a female student searching for a job and doing an inappropriate act.
(Jiji Press )