Tokyo Shares Up Despite BoJ Stimulus Disappointment


Tokyo shares up despite BoJ stimulus disappointment

TOKYO,(UrduPoint / Pakistan Point News - 29th july,2016) - Tokyo shares rose Friday despite disappointment over the Bank of Japan's modest stimulus tweaks as bank shares soared on news policymakers did not cut rates deeper into negative territory, which could have dented their profits.

The benchmark Nikkei 225 index, which dived immediately after the bank's announcement, was up 0.56 percent, or 92.43 points, to close at 16,569.27, while the broader Topix index of all first-section shares gained 1.20 percent, or 15.74 points, to 1,322.74.