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The Independent UK
The Independent UK
National
Elaine Kurtenbach

Asian shares mostly lower as Japan preps massive stimulus

Copyright 2022 The Associated Press. All rights reserved

Shares were mostly lower in Asia on Friday after a mixed session on Wall Street, where tech sector losses offset gains in other parts of the market.

Tokyo’s benchmark slipped as the government was preparing about a massive stimulus spending package to help the world’s No. 3 economy cope with inflation. As expected, the Bank of Japan wrapped up a policy meeting by keeping its ultra-lax monetary policy unchanged even as it forecast higher inflation.

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