AP News

Japan leads Asian stocks higher on BOJ measures


MUMBAI, India (AP) — Japan led Asian stock markets higher Tuesday after the country's central bank announced new measures to support growth.

The Nikkei 225 in Tokyo was up 2.8 percent at 14,795.92 after the Bank of Japan said it was doubling the size of its fund to support bank lending and its fund to support economic growth. The funds, which were due to expire shortly, were extended for another year.

The BOJ moves come after fourth quarter economic growth fell short of forecasts despite massive fiscal and monetary stimulus intended to engineer a recovery.

Elsewhere in Asia, Hong Kong's Hang Seng rose 0.2 percent to 22,572.34 and Australia's S&P/ASX 200 added 0.1 percent to 5,385.70.

Markets were down in China and South Korea but rose in Singapore, Taiwan, India and Southeast Asia.


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