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:2024-05-08 01:01:35 source:Worldly Workshop 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
  • Closing prices for crude oil, gold and other commodities
  • US, Japan and South Korea agree to expand security and economic ties at historic Camp David summit
  • Winston Peters to meet Anthony Blinken and Trump official in Washington
  • Winston Peters to meet Anthony Blinken and Trump official in Washington
  • Biden speaks with Netanyahu as Israelis appear closer to major Rafah offensive
  • HK's West Kowloon arts hub to run out of funds in 2025: CEO
  • April 12, 2024
  • Tech industry plans for lower
Recommended content
  • Russian journalist arrested for years
  • Baltimore bridge collapses after being struck by ship, six presumed dead
  • Department of Conservation proposes 130 job cuts
  • Winston Peters to meet Anthony Blinken and Trump official in Washington
  • The Celtics and Cavaliers last met in playoffs in 2018. This time Boston is the team to beat
  • Few voters globally worried about climate change