Japan Stocks Rise, Tracking Global Equity Gains on Stimulus Bets
ByJapanese stocks gained, with the Topix index headed for its biggest weekly gain since April, as central banks in Europe signaled looser monetary policy, easing uncertainty over the fallout from the U.K.’s vote to leave the European Union.
The Topix added 0.7 percent to 1,255.02 as of 9:10 a.m. in Tokyo, on course for a 4.1 percent gain this week. The Nikkei 225 Stock Average climbed 0.9 percent to 15,715.41. The yen traded at 103.11 per dollar after falling for three days while the MSCI All Country World Index rose.
The European Central Bank is considering loosening the rules for bond purchases in its stimulus program to ensure enough debt is available to buy in the aftermath of the Brexit vote. Bank of England Governor Mark Carney also said the BOE will probably have to loosen policy within months to deal with the fallout, though he warned there’s only so much he can do to protect the economy…
Japan Stocks Rise, Tracking Global Equity Gains on Stimulus Bets
