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Shares in Asia gain as BoJ extends maturity on JGB buying

Published 12/17/2015, 11:19 PM
Updated 12/17/2015, 11:20 PM
© Reuters.  Asian shares mostly higher
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Investing.com - Shares in Tokyo gained on Friday as the central bank moved to make monetary conditions a bit easier, though with some fightback from the board.

The Nikkei 225 rose 0.89%, while the S&P/ASX 200 gained 0.03% and the Shanghai Composite was flat.

The Bank of Japan voted 8 to 1 as expected to keep its monetary base easing at Y80 trillion annually, but extended the maturity to 7 to 12 years and setup a new program for exchange traded fund buying in a narrower 6 to 3 vote.

The views on the economy remained stable as continuing to recover, while inflation was seen flat year-on-year.

Earlier, China reported house prices year-on-year for November rose 0.9%, along woith an ANZ business confidence survey for December in New Zealand showed a gain to plus-23, an eight-month high, from plus-14.6 in November.

Overnight, U.S. stocks were lower after the close on Thursday, as losses in the Oil & Gas, Basic Materials and Industrials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 1.43%, while the S&P 500 index declined 1.50%, and the NASDAQ Composite index declined 1.35%.

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