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 16:24:09 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
  • Tom Brady and Jay
  • National expected to instill need for discipline at caucus retreat
  • Christopher Luxon's reo Māori lessons paid for by taxpayer
  • Jessica Boyce: Police offer $100k reward in Blenheim cold case
  • Storms damage homes in Oklahoma and Kansas. But in Houston, most power is restored
  • Hundreds of lizards seized in Australia police bust
  • Coronavirus update: Italy to get aid from Germany, Spain's death rate passes China's
  • Luxon defends decision not to attend nationwide hui
Recommended content
  • Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
  • Winston Peters 'not going back' on co
  • Lack of reliability with trains sees Auckland commuters opt for the bus
  • HKFP Lens: 'Dear Hong Kong' celebrates city's diversity with new photo book
  • Philippines blames China for loss of giant clams in disputed shoal and urges environmental inquiry
  • China's Hubei eases coronavirus curbs