BANGKOK—World shares were mixed Wednesday, with Tokyo gaining more than 2 percent after Japan’s central bank kept its lax monetary policy unchanged, dispelling speculation it would yield to pressure to tighten credit to counter rising inflation.
Germany’s DAX lost 0.1 percent to 15,170.03 and the CAC 40 in Paris was down less than 2 points, at 7,075.91. Britain’s FTSE 100 also was nearly unchanged, at 7,850.12.
The futures for the S&P 500 and Dow Jones Industrial Average were nearly unchanged.
The Bank of Japan shook markets in December with a surprise widening of its target range for yields on long-term government bonds, part of its “yield curve control policy.” It kept that range in its latest policy statement, despite recent cases when yields on 10-year government bonds exceeded the 0.5 percent upward or downward daily limit….