October 11, 2024 at 02:11 am EDT
(MT Newswires) -- Japanese shares gained on Friday after Deputy Governor Ryozo Himino reaffirmed the Bank of Japan's readiness to raise rates if economic projections hold, despite the formation of a new government.
The Nikkei 225 closed up 0.57%, adding 224.9 points to hit 39,605.80.
Himino's comments, echoing the central bank's July stance, came after Prime Minister Shigeru Ishiba voiced opposition to a rate increase. Himino underscored that future rate decisions will be driven by ongoing assessments of economic data and risks, leaving the path for changes open.
In corporate news, Honda Motor (TYO:7267) recalls 1.7 million Acura and Honda vehicles from 2022-2025 in the U.S. due to a steering defect that increases crash risk.
San-A (TYO:2659) reported a 5.8% rise in six-month profit to 5.93 billion yen, with earnings per share climbing to 95.98 yen as revenue grew 5.1% to 120.7 billion yen.
Nippon Sheet Glass (TYO:5202) plans to halt operations at one of its float glass lines in Gladbeck, Germany, by January 2025 due to persistently weak demand, leading to over 100 job cuts.

Sumber : MT Newswires