Asian shares rise, yen aims for best week in 4 months on BOJ hike bets

Quick Summary:

SYDNEY: Asian shares rose on Friday while the yen was aiming for its best week in four months as strong inflation data from Tokyo had traders favouring an imminent rate hike from the Bank of Japan.

Traders now see a 60% chance that the BOJ could hike interest rates again in December, having been undecided before the data.

French Prime Minister Michel Barnier on Thursday dropped plans to raise electricity taxes in his 2025 budget, bowing to far-right threats to bring the government down unless he eased the burden on the working classes.

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Category: EconomyBusiness

Markets: MalaysiaFranceGermanyIsraelJapanLebanon

Topics: Nikkei Asian /Business/Business News Markets BoJ Interest rate MSCI

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-29 @ 15:06:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 641 words

Reading Time: 4 minutes read

Sentences: 24 lines

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Copyright Owner: © The Star

News ID: 23939283

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