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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
Thursday, March 9, 2006
Monetary policy decision unsettles yen
by Brian TurnerAfter a rise directly after an announcement from the Bank of Japan that it was tightening its monetary policy, the Japanese yen was flat to weaker on the day as analysts arrived at an interpretation of the Bank’s move that expects policy to remain accommodative for some time to come.
The yen’s first response to the new policy announcement was to gain 0.6 percent versus the US dollar to ¥117.10, but by later in the day the yen had fallen to ¥117.99 against the dollar, fractionally lower than where it started the day. The Japanese currency held flat at ¥140.57 in relation to the euro and at ¥204.83 versus sterling.
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