Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap Stock market today: Asian benchmarks mostly climb despite worries about US economy !

Stock market today: Asian benchmarks mostly climb despite worries about US economy

Time:2024-05-21 10:43:06 source:Worldly Window news portal

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 information
  • Trump accepts a VP debate but wants it on Fox News. Harris has already said yes to CBS
  • Who's made the cut for Meghan's new Montecito inner circle? Polo wives, Britney Spears' ex
  • Veteran DEA agent sentenced to 4 years for leaking intelligence in Miami bribery conspiracy
  • Jury sides with school system in suit accusing it of ignoring middle
  • Shohei Ohtani's first walk
  • RFK Jr  says he loves his family ‘either way’ after relatives endorse Biden
  • Prince Louis wore Prince George's £25 hand
  • Attempt to expedite ethics probe of Minnesota state senator charged with burglary fails on tie vote
Recommended content
  • Six killed in a 'foiled coup' in Congo, the army says
  • Artist who covered sports car with an ornamental doily is shortlisted for £25,000 Turner Prize
  • Car dealership to cut 250 jobs and close 16 sites just months after being taken over by a US firm
  • Pilot reported fire onboard plane carrying fuel, attempted to return to Fairbanks just before crash
  • Kate Hudson hits the stage to debut songs from her new album Glorious at star
  • Arizona lands Oakland star forward Trey Townsend out of transfer portal