Asian Markets Mixed; Boj Announces Modest Stimulus Expansion

MANILA, Philippines (AP) — Asian markets were mixed Friday after the Bank of Japan announced a modest expansion of its lavish monetary stimulus to perk up sluggish growth, sending the Japanese stock index up. Japan's central bank opted Friday for a modest expansion of its lavish monetary stimulus to help perk up sluggish growth and combat deflation. The Bank of Japan ended a policy meeting Friday by announcing it will expand purchases of assets from financial institutions to help inject more cash into the world's third-largest economy and pursue its 2 percent inflation target. ANALYST VIEWPOINT: "The Japanese stock market in particular is likely to be nervous about failure to act and any indication that the BOJ's stimulus policy is coming to an end," said Ric Spooner, chief market analyst at CMC Markets. Stocks had another day of meager gains on Thursday as investors worked through a new batch of mixed company earnings, including results from Facebook, Ford and Whole Foods and looked ahead to a meeting of the Bank of Japan.

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