The next Bank of Japan governor does not have to be from the Ministry of Finance although the individual needs to have experience managing a large organisation, Japanese Finance Minister Taro Aso said on Friday. “It’s inappropriate to choose someone who does not have experience managing a big organisation,” Aso […]
Tag: Bank of Japan
Yen under pressure, Asian stocks subdued
The yen plumbed a 2-1/2 year low against the dollar on Monday, grabbing the Asian spotlight amid subdued trading for the region’s stock markets, with the focus on Japan’s central bank as it faced unrelenting political pressure to deliver bold stimulus. Prime Minister Shinzo Abe on Sunday said the Bank […]
Dollar edges higher as U.S. fiscal talks eyed; yen drops
The dollar rose against major currencies on Monday, buoyed by uncertainty about U.S. budget talks, while the yen tumbled to a 20-month low after Japan’s incoming prime minister stepped up pressure on the Bank of Japan to easy monetary policy. Volatility could increase as the year-end deadline on the U.S. […]
