Japan Stocks Surge on BOJ Plans
The Bank of Japan’s shift of focus to control bond yields may encourage investors to put more money into U.S. dollar assets, according to Mizuho Trust & Banking Co. The BOJ said its target for expanding the monetary base through asset purchases, previously set at 80 trillion yen ($782 billion) annually, may now fluctuate in the short term to enable policy makers to control bond yields and keep rates on 10-year notes at around zero. Attention now turns to the Federal Reserve’s interest-rate decision later Wednesday. Mizuho Bank Asian FX Strategist Ken Cheung and HSBC Senior Economic Adviser Stephen King discuss with Bloomberg's Mark Barton on "The Pulse."