October 04, 2024 at 02:06 am EDT
(MT Newswires) -- Japanese shares rose on Friday as new Economy Minister Ryosei Akazawa said any adjustments to the Bank of Japan's monetary policy must align with the government's cautious approach to exiting deflation.
The Nikkei 225 climbed 0.22%, or 83.56 points, closing at 38,635.62.
In related news, former BOJ board member Takako Masai said on Bloomberg TV that the central bank will evaluate the timing of potential interest rate hikes as economic conditions improve.
Masai's comments come amid calls from the new government for a careful assessment of any such increases.
On the corporate side, Seven & i Holdings (TYO:3382) is contemplating a partial sale of its stake in Seven Bank in response to a takeover bid from Canada's Alimentation Couche-Tard, refocusing its efforts on the 7-Eleven brand.
Astroscale US, a subsidiary of Astroscale Holdings (TYO:186A), has expanded its contract for the APS-R project with the US Space Force, increasing the total to $29.4 million from $26.9 million to bolster project operations.
Chemicals company UBE (TYO:4208) will acquire the Urethane Systems Business from LANXESS Deutschland GmbH for nearly 73.6 billion yen, which includes nine subsidiaries specializing in high-performance polyurethane resins.

Sumber : MT Newswires