Stock market today: Asian benchmarks mostly climb despite worries about US economy
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
Xi stresses development of new productive forces, high
(Xinhua) 15:23, February 02, 2024BEIJING, Feb. 2 (Xinhua) -- The Political Bureau of the Communist P2024-04-27Intelligent seedling breeding base enhances spring farming efficiency in Chongqing
(Xinhua) 08:13, March 14, 2024A worker checks the growth of seedlings at an intelligent seedling bre2024-04-27- By Wang Keju, Fan Feifei and Liu Zhihua (China Daily) 13:40, March 25, 2024China's commitment to nur2024-04-27
Liam Ohgren scores his 1st career goal to lead the Wild past the Sharks 6
SAN JOSE, Calif. (AP) — Liam Ohgren scored his first career goal and the Minnesota Wild beat San Jos2024-04-27Chinese premier calls for ensuring a good start for 2024 economic work
(Xinhua) 08:09, January 04, 2024Chinese Premier Li Qiang, also a member of the Standing Committee of2024-04-27Veteran Nebraska police officer killed in crash when pickup truck rear
CERESCO, Neb. (AP) — A veteran police officer was killed when his cruiser was struck by another vehi2024-04-27
atest comment