Japanese stocks hit fresh multi-year highs on Wednesday after the Bank of Japan (BoJ) kept its massive monetary stimulus intact as expected. The central bank also reiterated that the world’s third-biggest economy is recovering moderately.
Overnight, U.S. stocks gave up gains in the minutes before the close as investors eyed continued gains in oil and the U.S. dollar ahead of the unofficial start of earnings season on Wednesday. The Dow Jones Industrial Average finished in neutral territory, while the S&P 500 and Nasdaq Composite ticked down 0.2 and 0.1 percent each.
Japan’s Nikkei 225 hit its highest level since June 2000, while the dollar-yen fell as low as 119.99 before rebounding back to 120.12 against the U.S. dollar, after the BoJ held its monetary policy unchanged. June 2000