Yen Holds Gains Versus Peers as BOJ Keeps Stimulus
By Masaki Kondo -
2012-06-15T03:07:55Z
The yen held gains against the dollar and euro after the Bank of Japan (8301) refrained from adding to stimulus measures after the conclusion of a policy meeting today.
Japan’s currency climbed 0.4 percent to 79 per dollar as of 12:05 p.m. in Tokyo. It added 0.5 percent to 99.79 against the euro.
The central bank kept its asset-purchase fund at 40 trillion yen ($505 billion) and a credit lending program at 30 trillion yen, matching the forecasts of 13 economists surveyed by Bloomberg News. The decision was announced in Tokyo today.
To contact the reporter on this story: Masaki Kondo in Singapore at mkondo3@bloomberg.net
To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net
More News:
- France ·
- Japan ·
- Currencies
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.