INQUIRER.net: Asia stocks rise on growth hopes, BOJ pick

INQUIRER.net Philippine News for Filipinos

Asia stocks rise on growth hopes, BOJ pick Feb 28th 2013, 05:14 SEOUL, South Korea — Asian stock markets rose Thursday as positive economic indicators and the nomination of a pro-stimulus Bank of Japan chief bolstered hopes for faster growth. Tokyo's benchmark led gains in regional stocks after the government of Prime Minister Shinzo Abe nominated Haruhiko Kuroda, currently president of the Asian Development Bank, to head Japan's central bank. The Nikkei 225 stock average was up 2.1 percent to 11,490.36. Kuroda is seen as a supporter of Abe's efforts to overcome Japan's 20 years of economic stagnation with bolder monetary easing, a weaker yen and bigger government spending. Elsewhere in Asia, South Korea's Kospi was up 1 percent at 2,024.1... Keep on reading: Asia stocks rise on growth hopes, BOJ pick Media files: Asia-stocks.jpg (image/jpeg)

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