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Bank of Japan support brings cheer
on Mon Apr 27, 2020 8:57 pm
Financial markets received a boost from the Bank of Japan’s pledge to buy unlimited government securities even as the infection count began to show signs of plateauing.
The BoJ move accompanied a downward GDP revision. The central bank now expects the economy to shrink 3-5% compared with the earlier 1.1% forecast.
The Nikkei 225 rose 2.71% as the central bank agreed to expand its balance sheet further cheering investors.
Read more
The BoJ move accompanied a downward GDP revision. The central bank now expects the economy to shrink 3-5% compared with the earlier 1.1% forecast.
The Nikkei 225 rose 2.71% as the central bank agreed to expand its balance sheet further cheering investors.
Read more
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