Asia stocks rise after Bank of Japan keeps rates on hold [Yahoo! Finance]
SOCIETE GENL FRNCE S/ADR (SCGLY)
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Source: Yahoo! Finance
interest rates on hold, while gold and silver surged to new peaks as the U.S. dollar came under renewed pressure. MSCI's broadest index of ?Asia-Pacific shares outside Japan was last up 0.5%, while the Nikkei 225 climbed 0.3%. S&P 500 e-mini futures fluctuated between gains and losses, trading ?up 0.2%. The yen weakened 0.1% against the greenback after the BOJ's decision, last trading at 158.61 yen per dollar. "The tone appears hawkish," said David Chao, global market strategist for Asia-Pacific at Invesco ?in Singapore. "The BOJ has raised four of its six inflation projections and indicated that further rate hikes are likely if these forecasts are realised." However, the statement stopped short of commenting on recent volatility in Japanese government bonds. "It's evident that the Takaichi administration is monitoring the bond market closely and is concerned about the recent meltdown," Chao added. "It would be reassuring to see the BOJ demonstrate the same level of attentiven
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