Tokyo stocks open higher, yen weakens again

This photo illustration taken on April 10, 2024 shows the image of former Keio University founder Yukichi Fukuzawa on a Japanese 10,000 yen bank note next to a 100 USD note, surrounded by coins, on display in Tokyo.

The dollar fetched 153.13 yen in early Asian trade, against 153.25 yen in New York. The greenback earlier hit 153.33 yen, another 34-year low for the Japanese currency, after forecast-topping US inflation dealt a blow to hopes for a June interest rate cut by the US Federal Reserve. Fujifilm was up 2.64 percent at 3,462 yen after the company announced an additional investment of $1.2 billion in a planned biotech plant in North Carolina.

Panache Ventures, Canada's leading early-stage venture capital fund, alongside Kora, a pan-African payment gateway, has sensitised African tech leaders on venture capital in a concerted effort to catalyse technological innovation and investment opportunities in Africa. Tokyo stocks opened lower on Thursday after hotter-than-expected US inflation data drove down Wall Street shares, while the yen briefly hit a 34-year low.

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