The yen sank to a 34-year low against the dollar Thursday after a top Bank of Japan official indicated it would press ahead with a loose monetary policy, even after this month hiking interest rates for the first time since the global financial crisis.Earlier in the day, Bank of Japan board member Naoki Tamura said officials would not embark on a speedy programme of monetary tightening as they try to nurture an economic recovery while keeping a lid on inflation.
By Kosaku Narioka The Japanese yen hit its weakest level against the dollar in 34 years on waning expectations that the Bank of Japan would raise interest rates further after it dropped its.
(Bloomberg) — Japanese stocks advanced amid a weak yen even as the rest of Asia struggled for momentum following a late selloff on Wall Street. The dollar strengthened against most major peers. The yen pared some of its loss after initially sliding to its lowest level versus the dollar in about 34 years following…
Japanese shares rose on
Wednesday as a weaker yen boosted exporters, while retail
investors scooped up stocks set to go ex-dividend after the
current session. The Nikkei was up 1.01% at.
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