slid to 156 against the U.S. dollar on Friday after the Bank of Japan left its benchmark interest rate unchanged.at 0%-0.1% as expected. Japan's central bank also said it will continue to conduct bond purchases in line with the March decision.Tokyo's headline inflation rate for April came in at 1.8%, slowing from the 2.6% in March. Core inflation in the capital — which strips out prices of fresh food — sharply fell to 1.6% from March's 2.4%, missing expectations of 2.
Australia's producer price index recorded a 4.3% gain in the first quarter from a year ago, accelerating from the 4.1% gain in the fourth quarter. Investors seeking exposure to China's growing gaming industry should look specifically at two technology according to Goldman Sachs. Its shares, which were included in the Wall Street index just last October, are down around 28% year-to-date.
Source: News Formal (newsformal.com)
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