By Ankur Banerjee
SINGAPORE (Reuters) -Japanese shares rose, outperforming weaker Asian markets, and the yen fell broadly after the Bank of Japan said it would start trimming its huge bond purchases in the future, dashing some bets that it would begin the process sooner.
Tokyo’s Nikkei reversed course to trade 0.7% higher, while the yen slumped to a 1-1/2-month low of 157.98 per dollar, after Japan’s central bank kick started its slow but steady retreat from its massive monetary stimulus.
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