Business News
Japanese stocks rise sharply as more monetary easing expected
Mar 5, 2010, 2:36 GMT
Tokyo - Stocks in Tokyo climbed more than 2 per cent in Friday morning trading as the Nikkei business daily reported the Bank of Japan (BoJ) would likely consider more monetary easing through April.
The benchmark Nikkei 225 Stock Average gained 209.91 points, or 2.07 per cent, to trade at 10,355.63, while the broader Topix index was up 13.70 points, or 1.53 per cent, at 911.34.
The BoJ is expected to discuss moves on monetary easing at a two-day policy meeting in mid-March, Nikkei said.
Japanese stocks were also bolstered by overnight gains on Wall Street.
On currency markets at 9 am (0000 GMT), the dollar traded at 89.16-19 yen, up from Thursday's 5 pm quote of 88.39-41 yen.
The euro traded at 1.3580-3583 dollars, down from 1.3639-3641 dollars Thursday, and 121.10-13 yen, up from 120.56-60 yen.
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