JAPAN STOCK MARKET:Yen surges and shares drop as BoJ plays it safe

Friday 05:15 BST. The yen surged and Japanese shares were weaker after the Bank of Japan delivered modest stimulus measures that have fallen short of expectations.

Japan’s central bank kept its benchmark policy rate on hold at minus 0.1 per cent and the expansion of its monetary policy base steady at ¥80tn per year.

COURTESY ,READ MORE AT:http://www.ft.com/cms/s/0/cc6d90c0-552d-11e6-befd-2fc0c26b3c60.html