Tokyo stocks will surely continue sharp ascent: analysts

Tokyo

THE Bank of Japan (BOJ) triggered a minor earthquake in global financial markets last Friday by bumping up its already massive monetary easing and securities purchase programme by a further 60 per cent. The aftershocks are expected to continue reverberating through markets in and beyond Japan this week and into coming months.

Tokyo stock prices, which rocketed up by almost 5 per cent to a near seven-year high in the immediate wake of the BOJ's shock decision to launch dramatic monetary easing for a second time in 18 months, will almost certainly continue a sharp ascent in the short term, analysts say.