Asian shares gain

Asian shares gain

الاربعاء 1437/12/19 هـ الموافق 2016/09/21 م واس

TOKYO, 20 Dhu-AlHijjah,1437 AH, 21 September,2016 , SPA — Asian shares rose Wednesday after Japan’s central bank wrapped up a policy meeting with a decision to keep short-term interest rates unchanged while adjusting its asset purchases to help push yields on long-term government bonds higher, AP reported.
The Asian share index added 0.2 percent to 3,027.59. Australia’s S&P/ASX 200 climbed 0.7 percent to 5,342.00 and South Korea’s Kospi rose 0.5 percent to 2.034.77. Shares were higher in most markets in Southeast Asia.
Japan’s central bank announced it was shifting its monetary policy to enhance its control of short-term and long-term interest rates. By pushing yields on long-term government bonds higher, the central bank is expanding investment options for institutional investors such as life insurance companies. The BOJ kept its short-term policy rate at minus 0.1 percent but said it might cut it further to encourage banks to lend more.
— SPA
11:32 LOCAL TIME 08:32 GMT