Asian Currencies Strengthen on Japanese Stimulus, U.S. Spending
This article is for subscribers only.
Asian currencies strengthened, led by South Korea’s won, after the Bank of Japan announced additional stimulus and U.S. consumer spending topped estimates.
The BOJ increased its asset-purchase program today by 11 trillion yen ($138 billion) to 66 trillion yen, hours after a report showed the biggest decline in industrial output since last year’s earthquake. U.S. personal spending rose by the most since February, official data showed yesterday. Chinese manufacturing expanded for the first time in three months in October, according to a Bloomberg survey before a report due Nov.