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.
Las Vegas Raiders take Georgia tight end Brock Bowers with the 13th pick in the NFL draft
China’s first national botanical garden to take shape in Beijing
China's Zhangjiajie prepares for reopening
Explore enchanting scenery of Xinjiang
Charged in election interference cases, some are still in politics
Beijing launches 22 tourist routes for ice and snow activities
Russian Scholars Say Xi Jinping's Economic Thought Offers Wisdom to Global Development
View of tea garden in China's Hubei
G Javian McCollum transferring to Georgia Tech after leading Oklahoma hoops in scoring
Xi Holds Talks with Eritrean President
Mike Trout leading majors in home runs, but is looking for more consistency at the plate
Grand Canal to get refilled with water in all dried