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Asian shares mostly higher after tepid gains on Wall Street

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By YURI KAGEYAMA

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An article, again, tracking daily Asian market results, being higher for the day, that follow Wall Street sentiment about a hawkish Fed in the U.S. combined with the newly minted Putin Inflation worry.

All true.

A broader reading would include some of the rest of Japan's Friday's news.

That the Japanese yen weakened past 124 per dollar on Friday, heading back to its lowest in nearly 7 years and on track to lose for the fifth straight week,; and that BOJ' commitment to stay the course contrasted sharply with other major central banks that have started normalizing their monetary settings.

That the Japanese consumer confidence index declined to a 14-month low of 32.8 in March, from the previous month's 35.3; with all sub-indices weakening: overall livelihood (down 3.9 points to 31.3), income growth (down 0.8 points to 37.4), employment perceptions (down 1.2 points to 34.8) and buying durable goods (down 3.7 points to 27.8).

That Japan's current account surplus decreasing to JPY 1,648.3 billion in February 2022 from JPY 2,866.0 billion in the same month of the previous year and compared with market consensus of a surplus of JPY 1,436.8 billion with the shortfall of goods account narrowing to JPY 176.8 billion from JPY 522.6 billion a year earlier, with exports growing by 19.8 percent while imports jumped 34.2 percent on the back of soaring prices of commodities and raw materials.

Useful information builds on itself.

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