Business News

TOKYO, (APP/AFP) – Tokyo shares rose Friday despite
disappointment over the Bank of Japan’s modest stimulus tweaks as bank shares soared on news policymakers did not cut rates deeper into negative territory, which could have dented their profits.
The benchmark Nikkei 225 index, which dived immediately after the
bank’s announcement, was up 0.56 percent, or 92.43 points, to close at 16,569.27, while the broader Topix index of all first-section shares gained 1.20 percent, or 15.74 points, to 1,322.74.