The Bank of Japan was widely expected to keep its ultra-low interest rates unchanged Friday but analysts say the tumbling yen is putting pressure on officials to act. The central bank ditched its negative interest rate policy in March as it announced its first hike in 17 years, giving a brief lift to the yen.
Celebrate Youth Month with Briefly News! Nominate a young entrepreneur under 35 with an inspiring story to be our 7th 'Young Money Maker'. Let's shine a light on their achievements together!The Bank of Japan was widely expected to keep its ultra-low interest rates unchanged Friday but analysts say the tumbling yen is putting pressure on officials to act.
On Friday morning, the dollar bought 155.60 yen, having touched 155.75 the previous day -- its highest since 1990. The currency is among other global units that have fallen against the dollar as a series of above-forecast US inflation data dim hopes for Federal Reserve rate cuts.
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