Asian stocks edge up, dollar sags as markets mull Fed risks

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By Kevin Buckland TOKYO (Reuters) – Most Asian equity markets edged higher on Friday, while the U.S. dollar hung near its weakest level since May, with investors fretting about the risks of a global recession as the Federal Reserve presses on with interest rate increases. U.S. Treasury yields remained elevated in Tokyo after bouncing off four-month lows overnight. Japanese government bond yields stayed depressed, two days after the Bank of Japan defied investor pressure to loosen yield curve controls further. Japan’s Nikkei added 0.16%, while Australia’s benchmark edged 0.09% higher, although …

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