Yen Weighed As BoJ Declares War On Deflation
December 18th, 2009 by
The yen continues to lose ground to the dollar following the BoJ’s decision to leave its benchmark rate unchanged at 0.1% with follow up statements that fortified the outlook for an extended low interest rate environment. The Asian currency has been under pressure since the central bank announced its 10 trillion yen lending program in an emergency meeting.
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Yen Weighed As BoJ Declares War On Deflation
Posted in Foreign Exchange |