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Asian markets gain after Japan central bank boosts aid

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BEIJING – Asian stock markets gained Monday after Japan’s central bank promised more asset purchases to shore up financial markets and more governments prepared to revive struggling economies by reopening businesses.

Tokyo’s benchmark surged 2.8% and Shanghai, Hong Kong and Sydney also gained. Investors are looking ahead to meetings of U.S.

and European central bankers this week for additional measures to reverse the deepest global slump since the 1930s. That comes amid mounting evidence the coronavirus pandemic’s economic damage is even worse than expected.

The Bank of Japan said it will buy an additional 15 trillion yen ($140 billion) of commercial paper and bank loans. That is a “significant increase from the timid 2 trillion yen” in

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COVID-19
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
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Brazil
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Deaths: 141 607
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Deaths: 237 619
Recovered: 0
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