Asia Stocks Maintain Drop After Bank of Japan Decision

By Adam Haigh 

Asian stocks maintained declines after the Bank of Japan (8301) said it will buy longer-term government bonds as part of its asset purchase program and as worse-than- estimated U.S. economic data spurred concern about the pace of growth.

The MSCI Asia Pacific Index (MXAP) slid 0.9 percent to 133.77 as of 1:45 p.m. in Tokyo. The regional gauge climbed the past five months as Japanese shares increased on speculation the nation will deploy more stimulus and amid signs the U.S. economy is recovering. Markets in China, Hong Kong and Taiwan are closed today for a holiday. Futures on the Standard & Poor’s 500 Index (SPX) were little changed.

To contact the reporter on this story: Adam Haigh in Sydney atahaigh1@bloomberg.net

source

please give me comments thanks