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Nikkei rises, BOJ makes open-ended commitment on asset buying

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Published: Monday, 21 Jan 2013 | 11:02 PM ET

TOKYO, Jan 22 (Reuters) - The Nikkei share average extended gains on Tuesday afternoon after the Bank of Japan announced an open-ended commitment to buy assets and doubled its inflation target to 2 percent to boost Japan's ailing economy.

The Nikkei rose 1 percent to 10,855.03 after trading at around 10,777 before the BOJ announcement. The broader Topix advanced 0.8 percent to 912.30.

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TOKYO, Jan 22- The Nikkei share average extended gains on Tuesday afternoon after the Bank of Japan announced an open-ended commitment to buy assets and doubled its inflation target to 2 percent to boost Japan's ailing economy. The Nikkei rose 1 percent to 10,855.03 after trading at around 10,777 before the BOJ announcement.

   
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