It's happy days at the Japan stock market after the Bank of Japan's announcements that its ultra-easy monetary policy will get even more loose, as Japan's huge pension fund also pledging to double its equity holdings - EPA Photo.
TOKYO: Japanese stocks jumped to a seven-year peak on Tuesday, as investors lapped up a set of positive catalysts including an unexpected central bank move to ease policy further and a reallocation of funds to domestic stocks by the public pension fund.
After a months of uncertainty about the economic outlook amid weakening growth following a sales tax hike in April, the Bank of Japan on Friday shocked markets by committing to ramp up its already massive stimulus.
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