Tag Archives: Bank of Japan

Yen hurt by news that news that BOJ nominee to be bold on monetary policy

The yen slid against most major counterparts in early Monday trading in reaction to news that the Japanese government is close to nominating a new Governor of the Bank of Japan. The incumbent, Masaaki Shirakawa steps down on March 19.The likely candidate is current Asian Development Bank President Haruhiko Kuroda, who is seen as favouring bold monetary policy. Expectations of more policy...

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February 25, 2013 @ 6:34 am

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Yen hits lowest level against USD since June 2010

The yen fell for a third day against the dollar on Friday, heading for an eleventh weekly drop. Inflation data released today showed the Japanese economy is still struggling with deflation, as consumer prices continue to fall. This gives more reason for the Bank of Japan to continue with aggressive monetary easing measures to stimulate the economy. Earlier this week, the Bank of Japan held...

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January 25, 2013 @ 9:40 am

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Yen rebounds after Bank of Japan delays asset purchases until 2014

The yen gained against the dollar and most other major counterparts in early Tuesday trading after the Bank of Japan made announcements regarding its new policy measures. The central bank concluded a two-day policy meeting  today and announced that  it will adopt new measures to fight the threat of deflation and generate growth in the stagnant Japanese economy. It mentioned more quantitative...

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January 22, 2013 @ 10:03 am

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Yen gains back losses versus dollar as focus turns to BOJ policy meeting

The dollar pulled back from a 2-1/2 year high versus the yen in early Monday trading. The yen gained back losses from most of its counterparts as the Bank of Japan two-day policy meeting began today. The Japanese currency has been weakening recently due to expectations that the Bank of Japan will adopt further easing aimed at stimulating the world's third-largest economy. The central bank...

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January 21, 2013 @ 10:14 am

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