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Yen plummets after fresh BoJ monetary easing TOKYO: The yen plunged in Asian trade Thursday after the Bank of Japan unveiled a fresh raft of monetary easing measures, while its new leader promised to do what was needed to revive the stuttering economy.The dollar soared to 95.46 yen in late Tokyo trade after languishing around 92.87 yen shortly before the BoJ decision was announced. while the euro jumped to 122.17 yen from 119.34 yen earlier in Tokyo.At the end of the first meeting under Haruhiko Kuroda, the BoJ said it would boost asset purchases, including of government bonds, and increase the supply of money in circulation.In a news conference afterwards Kuroda said he would not hesitate to take "other necessary steps" to boost the economy, adding that the BoJ was "resolved to take whatever measures we can think of" to hit a two percent inflation target aimed at reversing decades of falling prices.Chris Tedder, research analyst at ...

Yen steady in Asia as meeting of new-look BoJ wraps up TOKYO: The yen traded in a narrow range in Asia Thursday as markets keep a close eye on the Bank of Japan for any new policy measures as it wraps up its first board meeting under new leadership.The dollar, which fell Wednesday following disappointing US jobs and service sector data, fetched 92.92 yen in Tokyo morning trade, from 92.96 yen in New York Wednesday.The euro bought $1.2841 and 119.50 yen compared with $1.2845 and 119.43 ...
Dollar firms in Asia on upbeat manufacturing data TOKYO: The dollar firmed against the yen and euro in Asia Wednesday, boosted by solid US economic data and a bleak outlook for the troubled eurozone as the Bank of Japan starts a two-day policy meeting.In Tokyo afternoon trade the dollar bought 93.55 yen, up from 93.39 yen in New York on Tuesday.The euro rose to 119.76 yen from 119.70 yen while it weakened to $1.2803 from $1.2813.Supporting the dollar was a US Commerce Department ...
South Korea won hits lowest since Sep 2012 on North Korea tensions; bonds up SEOUL: The South Korean won skidded to a six and a half-month low in early trade Wednesday, hit by escalating geopolitical tensions as North Korea has yet to authorise entry of South Korean workers into the Kaesong industrial complex.The local currency was quoted at 1,121.6 against the dollar as of 0030 GMT, the lowest since Sept. 20, 2012, compared with 1,118.0 at the end of onshore trading on Monday.South Korea's unification ministry said earlier Wednesday ...
Yen slips slightly versus dollar, market awaits BoJ SINGAPORE/SYDNEY: The yen inched lower versus the dollar on Wednesday while the euro edged lower in a market largely lacking conviction ahead of policy decisions by the Bank of Japan and European Central Bank on Thursday.Yen bears are worried the BOJ, in its first policy review under new governor Haruhiko Kuroda, might not live up to expectations as markets are already positioned for aggressive stimulus measures.The dollar firmed 0.1 percent to 93.50 yen, inching away ...
Dollar weakens in Asia after poor US data TOKYO: The dollar fell against the yen and euro in Asian trade Tuesday after weaker-than-expected US manufacturing data sparked renewed fears about the state of the world's biggest economy.Worries over bailed-out Cyprus and a political stalemate in Italy also pressured the euro as currency markets look to a trio of central bank meetings this week.In Tokyo afternoon trade the dollar bought 92.71 yen, down from 93.27 yen in New York on Monday.The euro also weakened ...
Yen hits month high before BoJ meet; factory data dents dollar TOKYO/SYDNEY: The yen shot to a one-month high against the dollar on Tuesday after softer-than-expected US manufacturing data prompted investors to sell the greenback.Further gains for the Japanese currency could be limited as investors wait to see what the Bank of Japan (BOJ) will deliver at its April 3-4 policy meeting.The BoJ is widely expected to ramp up its bond buying and to extend the maturities of the bonds it purchases under new Governor Haruhiko ...

 



 
Index Closing Chg%
Arrow DJIA 17,083.80 0.02
Arrow Nasdaq 4,472.11 0.04
Arrow S&P 1,987.98 0.05
Arrow FTSE 6,821.46 0.34
Arrow DAX 9,794.06 0.42
Arrow CAC-40 4,410.65 0.78
Arrow Nikkei 15,284.42 0.29
Arrow H.Seng 24,141.50 0.71
Arrow Sensex 26,271.85 0.48





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln