Bloomberg News

Asia Stocks Rise on Prospects Japan May Move to Halt Yen’s Gain

January 29, 2012

Jan. 27 (Bloomberg) -- Asian stocks rose for a third day after Japanese Prime Minister Yoshihiko Noda said he expects the Bank of Japan will take “bold” policy actions to address the yen’s gain. Energy and mining shares advanced.

The MSCI Asia Pacific Index rose 0.3 percent to 122.93 as of 11:17 a.m. in Tokyo. The measure has risen 1.8 percent this week, set for a sixth consecutive weekly gain, the longest streak since the period ended Oct. 15.

--With assistance from Norie Kuboyama in Tokyo. Editor: John McCluskey

To contact the reporter on this story: Yoshiaki Nohara in Tokyo at ynohara1@bloomberg.net

To contact the editor responsible for this story: John McCluskey at j.mccluskey@bloomberg.net


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