The Japan share market surged on Wednesday, 21 September 2016, helped by the Bank of Japan's decision to maintain its fight against deflation. The BOJ announced its decision to introduce the new monetary easing framework, under which it will guide 10-year Japanese government bond yields so that they will remain at current levels of around zero%. Also, the BOJ refrained from pushing the interest rate on commercial banks' current account deposits at the central bank deeper into negative territory. Every industry category on the main section gained ground, led by banking, insurance and securities house issues. The 225-issue Nikkei Stock Average ended up 315.47 points, or 1.91%, from Tuesday at 16,807.62. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 35.70 points, or 2.71%, higher at 1,352.67.
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