Tags » Japanese Yen
There is a mixed trend in Asian stock markets.
The yen strengthened and hampering the Tokyo.
Today the Japanese yen strengthened against the US dollar after the Bank of Japan said at a conference that the bank is ready to use all tools at its disposal to cause inflation to rise towards the target of 2%, including a further reduction of short-term interest rates to negative.
The Bank of Japan announced it was treading into a completely new form of monetary policy Wednesday, in what was a tacit admission that radical efforts such as hundreds of billions in bond buying and negative interest rates were not enough to save the Japanese economy from stagnation. 616 more words