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:2024-04-27 02:16:49 source:Stellar Spectacle 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
  • First round of North Macedonia's presidential polls shows big shift towards center
  • China secures Paris women's epee berth with World Cup silver
  • Xinhua Headlines: Xi Jinping Unanimously Elected Chinese President, PRC CMC Chairman
  • New energy projects cater to Xizang's power needs
  • Another ex
  • Nation eyes record year for vehicle sales
  • Rice bred in southern China grows well
  • Night economy flourished at food street in Shaanxi
Recommended content
  • Camila Cabello flashes her taut tummy and hot pink underwear while out in LA
  • Xi Stresses Enhancing Integrated National Strategies, Strategic Capabilities
  • World's first hydrogen
  • China ‘disappointed' as US blocks Gaza ceasefire for 4th time at UN
  • New EPA rules would force plants to capture emissions, shut down
  • Companies in Jinhua established photovoltaic power stations to aid carbon reduction