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Yen rises in Asia after BoJ chief quashes stimulus hopes TOKYO: The yen rose in Asia Tuesday as the head of the Bank of Japan quashed hopes for an imminent expansion to its stimulus programme, and said the economy would not be severely hurt by a recent sales tax rise.The dollar slipped to 102.56 yen in late Tokyo afternoon trade from 102.90 yen before the BoJ governor's comments and 103.09 yen in New York Monday.The euro also weakened to 141.22 yen from 141.65 yen in US trade., while it rose to $1.3769, from $1.3740.The dollar has been under pressure after lacklustre US jobs data last week cut expectations of tighter monetary policy from the Federal Reserve.On Tuesday, BoJ chief Haruhiko Kuroda said the world's number-three economy was pushing ahead despite fears the tax rise introduced on April 1 will dampen consumer spending and derail a budding recovery.The tax is seen as crucial to shrinking Japan's mountainous debt burden but it ...

Sri Lankan rupee recovers on inflows, exporter dollar sales; shares up COLOMBO: The Sri Lankan rupee recovered on Tuesday due to remittances from migrant workers and exporter dollar sales ahead of the festive season, dealers said.The spot rupee was traded at 130.60/65 per dollar at 0522 GMT, firmer from Monday's close of 130.68/70. "Inflows from remittances and exporter conversions strengthen the rupee," said a currency dealer. Dealers said the rupee is likely to trade between 130.50 and 130.80 in the short to medium term and could ...
Yuan rises slightly in minimal volatility after US warning SHANGHAI: The yuan strengthened slightly on Tuesday as the central bank firmed the official guidance rate, but volatility remained minimal as traders await new signs of direction from Beijing.Returning from a three-day weekend, the central bank set the official midpoint rate at 6.1527 per dollar on Tuesday morning, 0.05 percent firmer than Friday's close, and the spot rate also strengthened to 6.2070 by midday.But the spot rate traded within an extremely tight range, as it ...
Yen gains in Asia after BoJ wraps up meeting TOKYO: The yen extended its gains in Asia Tuesday as the Bank of Japan stood pat on its monetary easing programme while it assesses the impact of a sales tax rise on the world's third-largest economy.The dollar slipped to 102.90 yen in Tokyo midday trade from 103.09 yen in New York Monday, while the euro also weakened to 141.45 yen from 141.65 yen in US trade.The European single currency bought $1.3743, little changed from $1.3740.The ...
US jobs data supports Asia FX; won dips on intervention caution SINGAPORE: Most emerging Asian currencies rose on Monday after the latest US jobs report was not seen as strong enough to raise expectations of an early rate hike by the Federal Reserve, while the won turned weaker on growing caution over intervention.The South Korean won ended local trade down 0.2 percent at 1,055.4 per dollar as offshore funds sold the currency and domestic importers bought the dollar for payments, traders said.Investors became more wary that ...
Sri Lankan rupee slips on stock-related outflows; shares off 7-week high COLOMBO: The Sri Lanka rupee traded weaker on Monday due to dollar demand for stock-related outflows, but it was expected to be supported by inflows from remittances ahead of the festive seasons, dealers said. The spot rupee traded at 130.70/75 on Monday at 0548 GMT, versus Friday's close of 130.60/65. It had strengthened to 130.40/50 per dollar in early trade on Friday. "There were stock-related outflows which brought the rupee down," said one currency dealer. ...
Dollar under pressure in Asia after jobs data TOKYO: The dollar faced downward pressure in Asia on Monday as investors bet the Federal Reserve will not speed up the pace of tapering of its stimulus programme after last week's US jobs report matched forecasts.The greenback fetched 103.03 yen in Tokyo afternoon trade, compared with 103.26 yen late in New York and well below the 103.88 yen in Tokyo earlier Friday before the jobs data was released.The euro bought 141.17 yen, down from 141.50 ...

 



 
Index Closing Chg%
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Arrow Nikkei 13,996.81 0.62
Arrow H.Seng 22,671.26 1.60
Arrow Sensex 22,484.93 0.64





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln