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International Business Times

Business

Tokyo Stocks Rise As BoJ Holds Rates Steady

BOJ Tokyo United States Kathleen Brooks Meta Interest Rates Japan Asia Microsoft

Japanese stocks rose Thursday as traders weigh a central bank policy announcement and markets digested data showing the US economy shrinking in the first quarter (Credit: AFP)

Japanese stocks rose Thursday as the central bank kept its key interest rates steady as expected, in thin trade with most Asian markets shut for the May 1 holiday.

Japan's main Nikkei 225 index and broader Topix index were up in morning trade, with the Bank of Japan holding interest rates steady amid uncertainty over US President Donald Trump's fast-changing trade policy.

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