TOKYO, Dec. 1 (Xinhua) Japan benchmark Nikkei stock index closed higher Thursday, tracking Wall Street higher overnight, after U.S. Federal Reserve Chairman
The U.S. dollar hits a three-month low as it dips into the 135 yen zone in Tokyo, falling by over 2 yen after U.S. Federal Reserve Chairman Jerome Powell signaled a slowing in the pace of interest rate hikes.
Japan s economy, which has already been facing downward pressure against a backdrop of the Ukraine crisis and the yen s depreciation, may also be plagued by China s radical "zero COVID" policy and the yuan s rising trend.