Japan stocks and yen weaken; Australia shares rally to record high as miners rise

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Japan stocks and yen weaken. Australia’s retail sales rise in February.

Japan stocks fell the most among Asian markets Thursday, while Australian stocks hit a record high, helped by a boost from mining shares.was trading at 151.26 against the dollar after falling to 151.97 on Wednesday — its weakest level against the greenback in 34 years.The multi-decade lows of the yen fueled market speculation of a potential government intervention to support the currency.

The investment bank expects the total addressable market for HBM to expand tenfold to $23 billion by 2026, up from just $2.3 billion in 2022.

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