Japanese Stock Market Closes Higher on BOJ's Continued Easing Policy... Nikkei Up 0.44%
![[Image source=Reuters Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2022072115151458987_1658384115.jpg)
[Asia Economy Reporter Hyunwoo Lee] On the 21st, the Nikkei 225 index on the Tokyo Stock Exchange closed at 27,803.00, up 0.44% from the previous trading day. The TOPIX index also ended the session up 0.21% at 1,950.59.
On this day, the Japanese stock market started lower amid concerns over the five consecutive days of gains ahead of the Bank of Japan (BOJ) monetary policy meeting announcement. After fluctuating throughout the session, the market closed higher following the BOJ's decision to maintain its monetary easing policy.
Hot Picks Today
"Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- "Striking Will Lead to Regret": Hyundai-Kia Employees Speak Out... Uneasy Stares Toward Samsung Union
- Man in His 40s Who Kept Girlfriend's Body for a Year After Murder Sentenced to 30 Years in Prison Again on Appeal
- Despite Captivating the Nation for Over a Month... "Timmy" the Whale Ultimately Found Dead
- "If You Booked This Month, You Almost Lost Out... Why You Should Wait Until 'This Day' Before Paying for Flight Tickets"
The BOJ announced at the monetary policy meeting that it would keep the benchmark interest rate unchanged at -0.1% and continue large-scale monetary easing by purchasing long-term government bonds without an upper limit to guide the 10-year government bond yield, a key long-term interest rate indicator, around 0%. The BOJ also stated that the yield target for bond purchases would remain at 0.25%, the same as before.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
