TOKYO (AP) — Asian shares mostly rose Friday despite worries about the economic outlook and inflation in the U.S. and the rest of the world.
The Bank of Japan ended a policy meeting with no major changes, keeping its benchmark interest rate in a range of 0 to 0.1%. In March, it raised the key rate from minus 0.1%, citing signs that inflation had reached the central bank’s target of about 2%.
Japan’s benchmark Nikkei 225 added 0.8% to 37,934.76, while the U.S. dollar edged up to 156.22 Japanese yen from 155.58 yen.
Although a weak yen is a boon for giant Japanese exporters such as Toyota Motor Corp., whose overseas earnings are boosted when converted into yen, some Japanese officials, including Finance Minister Shunichi Suzuki, have been raising concern that an overly weak currency is not good for the Japanese economy in the long run.
Related articles:
Related suggestion:
Swiatek saves 3 match points to beat Sabalenka in Madrid Open finalBlue Jays reinstate outfielder Kevin Kiermaier from injured listLowe has 4 hits as Rangers beat Royals 15Alison Hammond explains why she charges son Aidan, 19, rent despite being a multiHometown champion Pantoja unanimously outpoints Erceg at UFC 301 in Rio de JaneiroAnne Hathaway rocks fictional boy band tee 'August Moon' as part of her promo push for new romRyan Gosling shares 'odd piece of advice' coRangers aware of Presidents' Trophy curse as they face Carolina Hurricanes in second roundSwiatek saves 3 match points to beat Sabalenka in Madrid Open finalAlabama state senator chides male colleagues for letting parental leave bill die
0.1591s , 6495.171875 kb
Copyright © 2024 Powered by Stock market today: Asian benchmarks mostly climb despite worries about US economy ,International Investigation news portal