On Tuesday, the world stock markets were close mixed after the Japan's central bank promised open-ended monetary easing like the U.S. Federal Reserve but it won't start for a year. The Bank of Japan concluded the two-day policy meeting by setting 2 % inflation target and announcing its open-ended asset purchases which will pump money into the financial system.
Prime Minister Shinzo Abe has pressuring the central bank to take the aggressive new measures to reverse years of the economically debilitating deflation.
Markets appeared underperformed by the BOJ announcements. The analysts at the Capital Economics called the asset purchase program "pretty timid" since it would not be introduced until January 2014. The existing asset purchase scheme will continue it. The yen climbed against the dollar as the expectations of a significantly easier monetary policy in the near term were diminished.
The European stocks were flat in the early trading. Britain's FTSE 100 remained unchanged at 6,180.74. Germany's DAX slid 0.1 % to 7,7376.81. France's CAC-40 declined 0.1 % to 3,759.70.
While, the stocks on Wall Street appeared set for gains. The Dow Jones industrial futures climbed up 0.1 % to 13,587 and the S&P 500 futures gained 0.1 % to 1,480.80.
Japan's Nikkei 225 index slid 0.4 % to finish at 10,709.93 after a day of the volatile trading. While, the Australia's S&P/ASX 200 jump marginally to 4,779.10. Hong Kong's Hang Seng increased 0.3 % to 23,658.99. The Mainland Chinese shares were decline. The Shanghai Composite Index was down 0.6 % to 2,315.14. The smaller Shenzhen Composite Index eased 1.4 % to 928.90.