Asian stock markets surged Thursday after the U.S. central bank surprised investors by leaving in place current efforts to stimulate the economy.
Japan's Nikkei index hit an 8-month high, closing 260.82 points, or nearly two percent higher Thursday at 14,766. Other major markets around the region also closed higher.
On Wednesday, U.S. stocks closed at record highs after Federal Reserve Chairman Ben Bernanke said there will be no change in the Fed's program to buy $85 billion a month in securities..
The Dow Jones Industrial Average rose 1 percent while the Standard & Poors 500 closed 1.2 percent higher. The NASDAQ index also was up 1 percent.
The program is intended to reduce long-term interest rates, which makes it easier for companies to buy new equipment and for families to buy new homes. Many economists expected officials to reduce that by billions of dollars.
But Bernanke said the economy still needs help because unemployment is still too high.