TOKYO: The yen tumbled and Japanese stocks soared on Monday as the Bank of Japan lost no time embarking on its ambitious stimulus drive, but U.S. weak jobs data and regional risks such as the bird flu and North Korea weighed on other assets.
The BOJ conducted its first government bond buying operation on Monday since announcing monetary easing on a stunning scale, saying it will buy one trillion yen ($10.3 billion) of Japanese government bonds of between five and ten years maturity, and 200 billion of bonds with maturities exceeding 10 years.
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