Asian shares rose on Friday following the US Federal Reserve's rate cut, and the Bank of Japan's maintained rates.
Asian shares rose on Friday, driven by a notable rate cut from the US Federal Reserve. The yen strengthened as the Bank of Japan opted to maintain its interest rates while expressing confidence in Japan's economy. In contrast, the People's Bank of China kept its benchmark lending rates steady. Market analysts predict a potential rate hike by the Bank of Japan in December.
September 20, 2024
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