Tokyo leads Asia stocks higher after Yellen comments

HONG KONG (May 30): Tokyo stocks led Asia higher Monday, boosted by hopes the government will delay a sales tax hike and by a weaker yen after Federal Reserve boss Janet Yellen hinted that a US interest rate increase was looming.

Yellen said Friday she believed growth and the strengthening of the labour market would continue, and in that case, "probably in the coming months such a move would be appropriate".

That timeframe, which other Fed policymakers have also referred to in recent weeks, would put the Fed's action at its June 14-15 or July 26-27 meeting.

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