Asian shares advanced Friday after U.S. stocks rose to a record and the Bank of Japan raised its key lending rate. U.S.

There is concern over how much longer governments can continue to finance the mountain of debt they have accumulated, which the IMF estimates to be $100 trillion globally.

The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis, underscoring its confidence that rising wages will keep inflation stably around its 2% target ...