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Tokyo stocks soar on Bank of Japan's negative interest rate move
Zulqarnain Ali
29 Jan, 2016
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Copyright AFP (Agence France-Presse), 2016
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![](https://i.brecorder.com/images/2016/01/tokyo-stock-exchange-600.jpg">TOKYO: Tokyo stocks soared on Friday after the Bank of Japan unveiled plans to effectively charge lenders to park their cash with it as investors cheered the surprise stimulus.</P><P>The benchmark Nikkei 225 index at the Tokyo Stock Exchange, which fell in the morning, jumped 2.8 percent, or 476.85 points, to 17,518.30 at the close, as the BoJ surprised investors with the negative rate policy.</P><P>The Topix index of all first-section shares climbed 2.87 percent, or 39.97 points, to 1,432.07. The yen weakened to 120.48 per dollar from 118.90 in morning trade following the BoJ announcement it was implementing a -0.1 percent interest rate.</P><P>Not all analysts were impressed with the central bank's move.</P><P>)
