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
Biden says Brown v. Board of Education ruling was about more than education
WASHINGTON (AP) — The landmark 1954 Supreme Court ruling that desegregated schools was about more th2024-05-21The 49ers balance immediate needs with long
SANTA CLARA, Calif. (AP) — With the core of a roster that made it to the Super Bowl last season stil2024-05-21Are thousands languishing on long
A 62-year-old sales assistant stuck on a two-year waiting list with pain so severe 'it sometimes tak2024-05-21Taxpayers could be on the hook for a multi
Taxpayers could be on the hook for a multi-million-pound bill to help Royal Mail deliver post.The 502024-05-21Benedict Cumberbatch looks suave as he joins his co
Benedict Cumberbatch looked suave on Monday at the UK premiere of his upcoming psychological thrille2024-05-21- BEIJING, March 4 (Xinhua) -- China's three deep-sea manned submersibles have made more than 1,100 di2024-05-21
atest comment