Japanese stocks edged higher Wednesday after the U.S. Federal Reserve slashed its key interest rate to historic lows, but gains were limited by renewed concerns about a strengthening yen.
The benchmark Nikkei 225 stock average advanced 44.50 points, or 0.5 percent, to 8,612.52. The broader Topix index added 1.2 percent to 838.46.
Overnight, the Dow Jones industrials surged more than 4 percent following the Fed's decision to reduce its target rate for overnight loans between banks to a range of zero to 0.25 percent and promised to use "all available tools" to heal the U.S. economy.
Tsuyoshi Segawa, a strategist at Shinko Securities, said …
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