Japan’s Nikkei was up 2.4%, South Korea’s Kospi and Hong Kong’s Hang Seng 1.5%, and benchmarks in Australia and Shanghai around 1.4% and 0.6%, respectively
Japan’s Nikkei 225 stock index was up 2.4% at midday Hong Kong time.
The Bank of Japan on Monday scrapped a target for government-bond purchases and said it would nearly triple its holdings of corporate debt to aid fundraising by companies affected by the coronavirus pandemic. The central bank also forecast a 3% to 5% decline in Japan’s GDP in the...
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