Japanese stocks rise as the yen held losses against the dollar from overnight, with investors on the lookout for comments from Bank of Japan Governor Kazuo Ueda and Federal Reserve Chair Jerome Powell. Topix Index rose 0.2% to 2,677.83 as of 9:25 a.m. Tokyo time Nikkei advanced 0.3% to 38,323.24 Recruit Holdings contributed the most to the…
Japanese stocks capped off the week with gains on Friday, even as Bank of Japan (BOJ) Governor Kazuo Ueda reiterated his intent to raise interest rates if inflation hits the 2% target. The Nikkei 225 rose 0.4%, or 153.26 points, closing at 38,364.27. The cautious stance comes amid ongoing concerns over a possible recession in…
Gold held a decline, after markets pared wagers on steep US interest-rate cuts ahead of a speech by Federal Reserve Chair Jerome Powell that may provide fresh clues on the central bank’s monetary-policy path. Focus is now on Powell’s address later Friday at the annual Jackson Hole symposium in Wyoming. Lower rates are generally positive for non-interest bearing…
