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Japan:
Second India-Japan strategic dialogue on economic issues
China:
India-Brazil-South Africa to cooperate in health sector
South Korea:
South Korea Gives US Beef The All Clear
India:
Indian government approves re-structured APDRP
Pakistan:
Restoration of Indo-Pak dialogue to push trade
Singapore:
India-Brazil-South Africa to cooperate in health sector
Thailand:
Fastest Growth for Thailand Economy in Six Quarters
Taiwan:
Taiwan Enjoy Expanded Trade Surplus
Indonesia:
Central Bank Chief Of Indonesia Detained
Malaysia:
Malaysia economy grows and banking liberalises
Yen up amid policy change talk
by Brian TurnerThe Japanese yen was up in morning trade in Europe on Thursday as the governor of the Bank of Japan made comments to a committee of parliament that seemed to imply that the Bank’s loose monetary policy is about to end. This move, when it is made, is expected to allow interest rates in Japan to rise from their current level of zero percent. The gains in the yen came even though some analysts claimed that the Bank’s governor had not really said anything new and that any change in policy could take months to have any practical effect.
The result of all this talk was a gain of ¥1.55 in relation to the US dollar, with the yen trading at ¥116.15. The Japanese currency was up ¥1.25 to ¥139.88 versus the euro, and it gained ¥1.5 to ¥205.07 in relation to sterling.
Stories related to: Yen up amid policy change talk
- Yen advances on hopes for policy change
- Policy change more likely on new Japanese data
- Bank of Japan declines to alter monetary policy
- Monetary policy decision unsettles yen
- Yen up sharply
- Bank of Japan ends loose money policy
- Sharp drops 1.5 percent amid price-fixing probe
- Monetary policy jitters send Tokyo markets lower
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