TOKYO: Japan's central bank bent global markets to its will on Friday, a day after announcing the world's most intense burst of monetary stimulus, putting the yen into a nose-dive and fuelling a surge in Japanese stocks to 4-1/2 year highs.
The yen sank across the board, registering its biggest daily fall against the dollar since October 2008 on Thursday, after the Bank of Japan under new Governor Haruhiko Kuroda vowed to inject about $1.4 trillion (919.5 billion pounds) into the economy in less than two years, a dose of shock therapy to end two decades of stagnation.