Asian Stocks Rise After Japan’s Central Bank Eases Rate Worries

(Bloomberg) — Asian shares rallied after the Bank of Japan’s deputy governor said it won’t raise interest rates if markets are unstable, comforting investors unnerved by a recent surge in the yen.

Japanese stocks rose after the yen fell by more than 2% against the dollar. Bank of Japan’s Deputy Governor Shinichi Uchida noted the recent volatility in Japanese markets, saying the BOJ’s rate path will shift if there’s an impact on the policy outlook. Stocks in Taiwan and South Korea extended gains, while U.S. futures also climbed.