Talk of more monetary easing by BOJ grows

Tokyo

MARKET expectations of further monetary easing by the Bank of Japan (BOJ) as early as next week are mounting, following European Central Bank (ECB) president Mario Draghi's announcement on Thursday that the ECB was likely to launch fresh stimulus measures by December.

Further easing by the BOJ, which has already launched two massive rounds of quantitative easing (QE), would push the yen exchange rate down and Tokyo stock prices up; on Friday, stocks rose 2.1 per cent, ending the week nearly 3 per cent higher.