The Bank of Japanannounced on Tuesday its most determined effort yet to end years of economic stagnation, saying it would switch to an open-ended commitment to buying assets next year and double its inflation target to 2 percent.
Asian shares rose on Tuesday amid optimism over the globalgrowth outlook, but bold easing measures from the Bank of Japanfailed to lift Tokyo equities and the yen rebounded from a brief sell-off as investors digested the central bank's actions.
U.S. safety investigators on Sunday ruled out excessvoltage as the cause of a battery fire this month on a Boeing Co (BA.N) 787 Dreamliner jet operated by Japan Airlines Co (JAL) (9201.T) and said they were expanding the probe to look at the battery's charger and the jet's auxiliary power.
The yen briefly fell against the dollar on Tuesday after the Bankof Japansurprised markets by adopting an open-ended commitment to buy assets, but later regained ground as the new scheme for additional purchases only comes into effect next year.
Shares of Research In Motion surged to a 13-month high on Mondayafter its chief executive said the company may consider strategic alliances with other companies after the launch of devices powered by RIM's new BlackBerry 10 operating system.
Brent crude rose 0.3 percent to $112.07 a barrel as the BOJ's latest easing action added to the recent positive data from the United States and China, while growing confidence in the strength of China's economic recovery pushed London copper up 0.7 percent to $8,111.75 a metric ton.
Republican leaders in the U.S. House of Representatives have scheduled a vote on Wednesday on a nearly four-month extension of U.S. borrowing capacity, aimed at avoiding a fight over the looming federal debt ceiling and shifting their negotiating leverage for spending cuts to other fiscal deadlines.
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