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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. ....
The yen hit a 34-year low against the dollar on Wednesday, just over a week after the Bank of Japan announced a much-anticipated interest rate hike in a shift away from years of ultra-loose monetary policy.While central banks around the world aggressively hiked rates to tackle soaring inflation, the Bank of Japan stuck to its ultra-loose policies, driving down the yen. ....
Celebrated Japanese animator Hayao Miyazaki won his second Oscar on Sunday with "The Boy and the Heron" the Studio Ghibli co-founder's first film in a decade, and potentially his last.The film, about a boy who moves to the countryside during World War II, won best animated feature, the same award scooped in 2003 by Miyazaki's "Spirited Away". ....
Sumo's greatest champion Hakuho is facing an embarrassing demotion in his new role as stablemaster after his protege was accused of physically abusing other wrestlers, local media said.Hokuseiho, who was also born in Mongolia and moved to Japan as a child, is willing to accept the recommendation to retire, local media said. ....
Most Asian equities sank Wednesday, tracking a sell-off on Wall Street, as a forecast-topping US inflation report dealt a hefty blow to hopes for an early interest rate cut.In that case, it's unlikely that the Federal Reserve will cut interest rates in May." ....