{"id":46545,"date":"2014-01-21T07:07:58","date_gmt":"2014-01-21T12:07:58","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=46545"},"modified":"2014-01-21T07:07:58","modified_gmt":"2014-01-21T12:07:58","slug":"asian-stocks-climbs-as-boj-begins-policy-meeting","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/01\/21\/asian-stocks-climbs-as-boj-begins-policy-meeting\/","title":{"rendered":"Asian Stocks Climbs as BOJ Begins Policy Meeting"},"content":{"rendered":"

By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

Stocks in Asia traded higher on Tuesday as the Bank of Japan begin its two-day meeting and China\u2019s stocks dropped after the country\u2019s central bank added funds into the financial system on Monday.<\/p>\n

In Japan, the benchmark Nikkei 225 index rallied 1.03% to 15, 802.85, while Tokyo\u2019s Topix index climbed 0.38% to 1,298.81 points as the BOJ began its two-day meeting to review its monetary policy. The Japanese yen weakened against the greenback on Tuesday, heading towards the \u00a5104.5 mark.<\/span><\/p>\n

Hong Kong\u2019s Hang Seng rose 0.38% higher to 23,015 points at the time of writing, while South Korea\u2019s Kospi index gained 0.02% to 1,954.21 points at the same time.<\/p>\n

China\u2019s benchmark Shanghai Composite edged up 0.2% to 1,995.22 points, after the People\u2019s Bank of China (PBoC) added funds into the financial system on Monday.<\/strong><\/p>\n

Stocks – BoJ Policy Meeting<\/span><\/h2>\n

The Bank of Japan (BoJ) began its two-day meeting earlier today to review its semi-annual economic outlook and it\u2019s expected \u00a0to maintain its forecast for the core consumer price index to increase by 1.9% in fiscal 2015. The bank is also expected to keep its fiscal 2015 target of 2% inflation.<\/p>\n

Board members are expected to discuss the possible impact after the tax hike in April. The BoJ is expected to keep its outlook for the gross domestic product growth of 2.7% for the current year through March, 1.5% in both fiscal 2014 and fiscal 2015.<\/p>\n

“The two-day meeting of the Bank of Japan\u2019s Policy Board, which concludes on Wednesday, is unlikely to result in any significant changes to the asset purchase programme,” analysts from Capital Economics said in a note.\u201d<\/p>\n

Stocks – China<\/span><\/h2>\n

China\u2019s mainland Shanghai Composite Index climbed 0.6% higher. China\u2019s seven-day reverse re-purchased rate declined 5.16% lower. The nation\u2019s central bank is expected to conduct 180 billion yuan of 21-day and 75 billion yuan of seven-day reverse repurchase deal today.<\/p>\n

 <\/p>\n

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The post Asian Stocks Climbs as BOJ Begins Policy Meeting<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n

Article provided by HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog Stocks in Asia traded higher on Tuesday as the Bank of Japan begin its two-day meeting and China\u2019s stocks dropped after the country\u2019s central bank added funds into the financial system on Monday. In Japan, the benchmark Nikkei 225 index rallied 1.03% to 15, 802.85, while Tokyo\u2019s Topix index climbed … <\/p>\n

Continue reading “Asian Stocks Climbs as BOJ Begins Policy Meeting”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-46545","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/46545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=46545"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/46545\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=46545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=46545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=46545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}