Sep
14
Yen Pares Loss as Bank of Japan Refrains From Adding to Stimulus
ByThe yen pared losses after the Bank of Japan refrained from adding to already unprecedented stimulus at a policy meeting Tuesday.
Demand for the yen increased after central bank Governor Haruhiko Kuroda kept a pledge to expand the monetary base at an annual pace of 80 trillion yen ($666 billion). All but two of the 35 economists surveyed by Bloomberg had predicted policy would be unchanged. Traders are shifting their focus to Kuroda’s briefing at 3:30 p.m. in Tokyo…
Yen Pares Loss as Bank of Japan Refrains From Adding to Stimulus
