BOJ Shock Heralds Currency War Return as Yen Drops Most in Year

  • Japan decision follows signals from ECB of further easing
  • Negative rates are already deployed in the euro area

Weighing the Impact of Kuroda’s Negative Rate Move

The yen dropped the most in more than a year after Bank of Japan Governor Haruhiko Kuroda unexpectedly adopted negative interest rates, risking another round of competitive devaluations.

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