Tokyo's Nikkei 225 index gained 0.3% to 40,074.87 after the central bank raised its benchmark rate to about 0.5% from 0.25%, as widely expected. It is the highest level for the rate since 2008, as the Bank of Japan shifts out of a long spell of extreme low interest rates meant to spur more borrowing and spending.
Asian stock markets turned in a choppy Friday after Japan's central bank tightened monetary policy, but US President Donald Trump delivered relatively positive commentary regarding China at the World Economic Forum meeting in Switzerland.
HONG KONG--Asian shares were mixed on Tuesday, with Japan’s Nikkei 225 index regaining some of its sharp losses from a day earlier. A quarterly “tankan” survey by the Bank of Japan showed ...
Asia-Pacific markets trade mixed on Monday, dampened by disappointing PMI data from China. Investors also remain cautious about the potential impact of Trump’s tariff policies, with attention also on the Federal Reserve’s decision this week.
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In a widely anticipated move, the Bank of Japan on Jan. 24 raised its short-term policy rate to 0.50% from 0.25%. Read more here.
The Bank of Japan delivered a widely expected 25 basis point hike to its key lending rate on Friday, bringing the overnight call rate to the highest since 2008 and putting pressure on the dollar. The ICE Dollar Index slipped 0.
Wall Street is pointing slightly lower in early trading but is on track to close the week with solid gains on healthy quarterly earnings reports from large U.S. corporations.
Japan’s core inflation rate rose to a 16-month high at 3% in December, year on year, boosting the case for a rate hike from the Bank of Japan.
South Korea’s economy expanded 1.2% year on year in the fourth quarter, marking its slowest expansion since the second quarter of 2023.
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In Japan, the benchmark Nikkei 225 was set to rise, with the futures contract in Chicago up nearly 1%, last trading at 39,235 while its counterpart in Osaka is up 0.59%, last trading at 39,170 against the index's close of 38,902.50.