Philippine Peso, Won Gain in Asia on Japan Stimulus Speculation
This article is for subscribers only.
The Philippine peso and South Korean won gained in Asia on speculation possible stimulus by Japan will spur inflows to higher-yielding assets. India’s rupee declined as regional stocks dropped for a third day.
Exports from Japan slid 10.3 percent in September from a year earlier, increasing the odds the central bank will ease monetary policy at its next review on Oct. 30. The Bank of Japan last expanded its asset-buying program by 10 trillion yen ($125 billion) on Sept. 19. The MSCI Asia Pacific Index of shares fell 0.4 percent.