Yen rises as BOJ refrained from adding stimulus

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
The Yen rose from near 2-week low after the Bank of Japan kept its asset-purchase programme unchanged. The Yen climbed 0.2% to 78.32 per U.S. Dollar from 78.48 the previous day, when it traded at 78.72, the weakest level since September 19. Japan's currency gained 0.2% to 101.92 per Euro. The BOJ said that the bond-buying scheme will remained unchanged at 55 trillion yen ($702 billion).
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Fri, 05 Oct 2012 08:08:35 GMT

BOJ keeps its asset-purchase programme unchanged

The Bank of Japan decided to refrain from more stimulus and remain its asset-purchase programme at 55 trillion Yen ($702 billion). This was largely expected by economists. Focus now turns to the meeting on October 30 as Credit Agricole and Morgan Stanley expect two consecutive quarters of contraction through the end of the year. "I see a very high chance for easing at the next meeting,"

Thu, 04 Oct 2012 18:00:54 GMT

ECB is ready to buy government bonds

The ECB President Mario Draghi said the central bank is prepared to start buying government bonds as soon as the requirements are met, forcing Spain to decide whether it request bailout. The European Central Bank stands ready to implement Outright Monetary Transactions, after the benchmark rate was left at 0.75%. "With the OMT, the ECB has tackled and exorcised fears of

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