The Bank of Japan has eased the country's monetary policy aiming to boost ht economic growth in the country, which is depended upon exports in large way.
The Japanese economy has been struggling due to the fall n demand from global demand as well as due to the impact of the China-Japan trade dispute on the trade between the two countries. The country's central bank announced that it is expanding the scheme to buy asset and loans by 10 trillion yen to about 80 trillion yen.
The move came soon after U. S. Federal Reserve announces new measures to boost the economic growth in the world's largest economy. The yen fell soon after the announcement b the BoJ, allowing exporters to see a rise in share values.
Experts say that even as relations with China continues to be a major concern for the Japanese economic growth, the developments in developed world has been an encouraging news for the country. The Nikkei N225 rose 1.2 percent to close at 9,232.21 after touching a high of 9,288.53. The Nikkei is up 9.2 percent so far this year.