Yen Strengthens After Bank of Japan Raises Rates
The Bank of Japan hiked interest rates to 0.5%, the highest level since October 2008, and pledged to raise rates further if the economy and inflation continue in line with projections. The bank’s pledge to seek more rate hikes sent Japanese government bond yields higher and boosted the yen.
The yen rose after the Bank of Japan (BOJ) hiked rates on Friday and revised up its inflation forecasts, while the Australian ...
By Rae Wee SINGAPORE (Reuters) -The yen was choppy after the Bank of Japan (BOJ) delivered a widely anticipated rate hike on ...
Investment trusts that cater to Japanese individuals bought a net ¥10.4 trillion of overseas equities and funds last year.
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