0621 GMT – Japan’s Nikkei Stock Average rose 1.4% to close at 28856.44, extending an earlier advance after the BOJ maintained its ultraeasy policy, quashing speculation that the central bank could shift away from this stance. Among the best performers were Makita, which surged 20% after it projected fiscal-year net profit will more than double, Kansai Electric Power, which climbed 9.6% after it forecast fiscal-year net profit will increase sharply, and Kikkoman, which jumped 12% after its fiscal-year net profit rose 12%. The yen weakened sharply, with USD/JPY at 135.00 compared with 133.67 as of Thursday’s Tokyo stock-market close. The 10-year JGB yield was 6 bps lower at 0.395%. ([email protected])
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