0647 GMT - Japanese stocks ended higher as concerns about borrowing costs ebb for now. Auto and pharmaceutical stocks led the gains. Chugai Pharmaceutical gained 4.5% and Subaru climbed 3.1%. The 10-year Japanese government bond yield dropped 2 basis points to 1.420% after Bank of Japan Gov. Kazuo Ueda promised to respond to abnormal rises in bond yields. The Nikkei Stock Average rose 0.3% to 38776.94. Investors are focusing on any developments in U.S. trade and foreign policies. USD/JPY is at 150.43, compared with 149.62 as of Thursday 5 p.m. Eastern time. (kosaku.narioka@wsj.com; @kosakunarioka)
(END) Dow Jones Newswires
February 21, 2025 01:47 ET (06:47 GMT)
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