Japan Stands Pat on Monetary Policy, Asia Rises

Asia-Pacific markets largely rose on Friday after the Bank of Japan kept its monetary policy unchanged in the first monetary policy meeting chaired by new governor Kazuo Ueda.

In Japan, the Nikkei 225 ballooned 398.76 points, or 1.4%, to end the week and month at 28,856.44. The Japanese yen weakened 0.8% to 134.9 against the U.S. dollar.

In Hong Kong, the Hang Seng index hiked 54.29 points, or 0.3%, to 19,894.57.

In other markets,

In Shanghai, the CSI 300 rebounded 40.67 points, or 1%, to 4,029.09.

In Korea, the Kospi added 5.72 points, or 0.2%, to 2,501.81.

In Taiwan, the Taiex Index gained 167.69 points, or 1.1%, to 15,579.18.

In Singapore, the Straits Times Index dipped 11.52 points, or 0.4%, to 3,270.51.

In New Zealand, the NZX 50 leaped 101.62 points, or 0.9%, to 12,019.84.

In Australia, the ASX 200 inched higher 16.4 points, or 0.2%, to 7,309.15.