Markets mixed, Tokyo rallies as BoJ nominee backs loose policy

Hong Kong (AFP) Feb 24, 2023

Equity markets were mixed Friday, with traders still occupied by long-running interest rate worries, though Tokyo rallied after Japan's incoming central bank head made the case for keeping its ultra-loose policy. Analysts said the realisation that the Federal Reserve will further hike borrowing costs and hold them there appears to have sunk in among investors, who were betting on a cut by ye