Nikkei Rises 0.8%, Led by Auto Shares
Japanese stocks rose in early trade as the yen weakened sharply amid expectations the Bank of Japan will refrain from raising interest rates further for now. Auto shares led the gains. Honda Motor rose 2.0% and Toyota Motor gained 1.5%.
USD/JPY was at 145.47, up sharply from 144.19 at the close of the Tokyo stock market on Thursday. The yield on the benchmark 10-year Japanese government bond was down 1 basis point at 1.260%. Investors were focused on earnings and any developments related to U.S. tariffs. The Nikkei Stock Average was up 0.8% at 36,731.90
Source: Bloomberg