The Bank of Japan confirmed the intention to maintain the policy of increasing the monetary base. On the background of this decision, the index of the Shanghai stock exchange was up 0.12%, the index of Shenzhen stock exchange Shenzhen Composite index grew by 0.76%, the Japanese Nikkei 225 grew by 0.83%.
MOSCOW, 30 Oct. Stock markets in the Asia-Pacific region (APR) show a predominantly positive trend on Friday after the Bank of Japan refrained from further easing monetary policy, according to data exchanges.
As at 07.38 GMT the index of Shanghai stock exchange Shanghai Compsite rose by 0.12% to 3391,41 item. Index of Shenzhen stock exchange Shenzhen Composite index grew by 0.76% to 2029,72 item. Hong Kong’s Hang Seng Index fell 0.2% to 22775,25 item.
The Australian S&P/ASX 200 decreased by 0.27%, reaching 5252,5 item. Korean KOSPI rose by 0.11%, reaching 2036,89 item. The Japanese Nikkei 225 grew by 0.83% to 19095,05 item.
The Bank of Japan on Friday reaffirmed the intention to maintain the policy of increasing the monetary base in the range of 80 trillion yen annually. The decision was taken by majority of the members of the monetary policy Committee. Thus before the meeting of the regulator, some analysts were waiting for a possible monetary policy easing.
“Some investors were hoping for extension support, but I don’t think that the decision of the Bank of Japan has become negative surprise”, — quotes Reuters opinion strategist at Sumitomo Mitsui Trust Bank in Tokyo Sulphur Ayako (Ayako Sera).
Also optimism was received new statistics from Japan. In particular, the unemployment rate in the country in September amounted to 3.4%, and annual inflation in September was zero, which completely coincided with forecasts of analysts. Market participants also drew attention to news from China, where the Communist party of China has decided to cancel the policy “one family — one child”. “China will allow all couples to have two children”, — reads the statement of the CPC.