The Bank of Japan (BOJ) has decided not to touch interest rates after its two-day monetary policy meeting.
Shortly after the announcement, the yen fell 0.25 percent to 156.04 against the dollar. It marks a new 34-year low for the Japanese currency.
All according to Reuters.
Japan’s Finance Minister Shunichi Suzuki has expressed concern on Friday about the negative effects for Japan due to the weak domestic currency.
However, Japan’s Nikkei 225 rose by 0.8 percent in connection with the Reuters report.
Meanwhile, MSCI’s broadest index of the Asia-Pacific region outside Japan (.MIAPJ0000PUS) was up 0.76 percent.
Hong Kong’s Hang Seng advanced nearly 2 percent while China’s blue chip index climbed 1.1 percent.
During Friday morning, the US Nasdaq futures also rose by more than 1 percent, while the benchmark S&P 500’s futures rose 0.8 percent, the news agency says.
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