Q2 STOCKS TO BUY

Overseas Trading: Nikkei, Bank Stocks Shine After BoJ Decision

The Bank of Japan (BoJ) left interest rates unchanged, but announced a new focus on yield curve control

Sep 21, 2016 at 8:41 AM
facebook X logo linkedin


Stocks closed higher in Asia, following the latest policy decision from the Bank of Japan (BoJ). Specifically, the central bank chose to leave the deposit rate unchanged, but announced a new policy focused on controlling the yield curve of 10-year government bonds. What's more, the BoJ said it will continue its current quantitative easing efforts -- choosing to forego deepening negative interest rates or expanding asset purchases -- to hit its 2% inflation target. The move had Japan's Nikkei 1.9% higher by the close, thanks to a broad rally from bank stocks. 

In China, the Shanghai Composite posted less impressive gains, settling just 0.1% higher. Meanwhile, Hong Kong's Hang Seng ended up 0.6%, and South Korea's Kospi added 0.5%. 

European stocks are also on the rise following the BoJ decision, as the attention now turns to the Fed policy decision out of the U.S. later today. Bank and insurance stocks, in particular, are getting a boost from the news out of Japan. Looking at the indexes, France's CAC 40 and Germany's DAX are each enjoying 1.1% gains, while London's FTSE 100 is up a more modest 0.3%. 
 

Overseas Trading September 21

Sign up now for Schaeffer's Market Recap to get all the day's big stock movers, must-know technical  levels, and top economic stories straight to your inbox. 

 
 

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.

 

 
 

Follow us on X, Follow us on Twitter