The Japanese Nikkei index rose at the end of trading today, Friday, April 26, after the Bank of Japan’s decision to keep the interest rate unchanged and amid the rise of the yen.
Despite keeping the interest rate unchanged, the bank raised its inflation forecast for the current fiscal year to a level ranging between 2.5% and 3%.
At the end of the session, the Nikkei index rose by about 0.8% to 37,934 points, and over the course of the week the index rose by 2.3%, compensating for part of last week’s losses when it declined by 6.2% in the worst weekly performance since June 2022, while the Topix index rose by 0.86%, as Recorded weekly gains of 2.3%.
