Tag Archives: Bank of Japan

Yen advances against the dollar after BOJ holds policy unchanged

The yen is strong on Tuesday due to safe haven demand after the Bank of Japan disappointed market expectations for bolder measures to ease market volatility following its latest policy meeting. Investors were hoping that the central bank would implement more measures to ease volatility in the government bond market. If the BOJ does not take action to stem the rise in JGB yields, this leads to...

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June 11, 2013 @ 1:41 pm

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Yen stronger after Bank of Japan policy meeting

The Bank of Japan held its monthly policy meeting on Friday and announced its unanimous decision to leave its monetary policy unchanged but maintained a pledge to double the country’s monetary base in two years. Markets showed their disappointment and sold off the dollar against the yen, as they were expecting more from the central bank to take more aggressive steps to fight deflation in the...

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April 26, 2013 @ 12:17 pm

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Yen plunges after Bank of Japan announces bolder policy easing

The yen plunged sharply against the dollar after the Bank of Japan policy meeting on Thursday where it announced its decision to adopt more aggressive monetary policy easing. This caused markets to react positively since it surpassed expectations as there was some speculation that the central bank could underdeliver as it had often in the past. The BOJ pledged it will purchase more assets and...

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April 4, 2013 @ 6:50 am

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Approval of New Bank of Japan Governor Kuroda weakens yen

The yen resumed weakness after Japan’s government approved the appointment of Haruhiko Kuroda as new Bank of Japan governor on Friday, who will replace outgoing Masaaki Shirakawa who is stepping down on March 19. Kuroda  is expected to take bold action that could finally jump-start Japan’s economy that has been plagued by the global financial crisis. He has criticized the Bank of Japan...

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March 15, 2013 @ 8:05 am

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