Asian Stocks Rise as BOJ Hikes Rates
Asian stocks rose and the yen softened after the Bank of Japan raised interest rates to 1.25 percent. Global markets found relief as oil prices retreated slightly from recent highs.
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Asian shares rose and the Japan central bank lifted interest rates to 1.25%, driving the USD/JPY down 0.5% on Friday morning. The move matches tightening cycles across global markets as central banks combat inflation driven by ongoing geopolitical conflicts. Global equities found support from falling commodity prices, though bond yields remained elevated.
