Japan's central bank unveils new measures for monetary easing

The Japanese central bank, Bank of Japan (BOJ), unveiled new steps on Friday to support its ultra-loose monetary easing policy after its two-day policy meeting.

The BOJ said it will extend the period of long-term government bonds that the bank buys in line with its monetary easing policy, adding it will also spend 300 billion yen (about 2.45 billion U.S. dollars) more on annual purchases of exchange-trade funds.

The Nikkei stocks index surged over 2 percent briefly after the decisions were reported and the Japanese yen retreated to lower 123 yen level briefly from the mid-122 yen zone against the U.S. dollar in the morning trade. Enditem