BANGKOK (AP) - Asian stock markets wavered between gains and losses today after Japan's central bank ceded to political pressure and announced stimulus measures aimed at extricating the country from years of economic malaise.
The Bank of Japan concluded a two-day policy meeting by setting a 2 percent inflation target and announcing open-ended asset purchases that will pump money into the financial system.
Prime Minister Shinzo Abe has been pressuring the central bank to carry out aggressive stimulus measures to reverse years of economically debilitating deflation. The bank agreed, despite its ostensibly independent status.
Benchmark crude oil fell to $96 per barrel. The dollar gained against the euro but fell against the yen.
First Coast News