Moscow. December 18. Japanese stock market falls on Friday on the outcome of the BOJ meeting, Bloomberg reported.
The Bank of Japan kept unchanged the targets of monetary policy. At the same time, the Central Bank, expressing confidence in the sustainability of the economy, announced his intention to increase the average term to maturity of government bonds in its portfolio to 7 to 12 years and to expand the portfolio through ETFs. The annual volume of new purchases ETF will amount to 300 billion yen ($2.5 billion), said the Japanese Central Bank.
The Japanese index Nikkei 225 declined during trading by 1.3%, despite the fact that the initial reaction to the outcome of the BOJ meeting was positive.
Hong Kong’s Hang Seng index lost 0.2%, China’s Shanghai Composite gained 0.1%, the Australian S&P/ASX 200 – also of 0.1%.
“Investors lose their hope because the amount of stimulation increased slightly, says analyst at Sumitomo Mitsui Trust Bank Ayako Sera. – At first we thought that the Bank of Japan has taken a step to increase incentives, but on closer examination it turned out that this step is very small. The Central Bank focuses more on quality than on the volume of stimulation”.
Shares of insurance companies and oil producers are the largest decline among Japanese companies on Friday. The price of securities of Inpex Corp. fell by 1.6%.
Support to the Chinese market have provided data on the growth of housing prices in China, triggered the rise of share prices of development companies. Papers China Vanke, the largest real estate development companies in China, rose on Friday by 10%, which is the limit price movements during the session.
Stock quote Poly Real Estate, Greenland Holdings has increased respectively by 3.3% and 1.6%.