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.
Mother throws her disabled six
China's privately offered funds hit 20.58 trln yuan
Private economy set to get boost from law draft
Vatican complains after French court rules in favor of nun dismissed from religious order
Sparks move home game against Caitlin Clark and Indiana from Long Beach to downtown Los Angeles
Interview: China's economic landscape displays stable, diversified trend: economist
China's industrial output up 7 pct in Jan
China's Bluetooth headphone market grows in 2023
The Eurovision Song Contest is kicking off with pop and protests as the war in Gaza casts a shadow
Interview: Popularity of Chinese NEVs soaring in Europe, says BYD's Dutch partner