Asian shares extend rally, yen edges higher as BOJ holds steady

Quick Summary:

Asian shares extended their rally on Friday, bathing in the afterglow of an outsized interest U.S.rate cut, while the yen edged higher as the Bank of Japan held rates steady and stayed upbeat on the economy.

With more easing to come, investors are wagering on continued U.S.economic growth and better-than-expected jobless claims data added to the view that the labour market remained healthy.

"The yen has become stronger and the market has not completely settled down, so I think it is appropriate to leave rates unchanged for now," said Kazutaka Maeda, an economist at Meiji Yasuda Research Institute.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaJapanSingapore

Topics: Equities Stocks Markets Commodities Trading /Business/Business News Asia

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-20 @ 14:07:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 621 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22616783

View Article Analysis

About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 43 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

Frequently Asked Questions