BoJ maintains its aggressive stimulus as economy is improving

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Source: Reuters
© Scanpix/RS
The Japanese central bank decided to maintain its aggressive stimulus measures on Friday's policymakers meeting amid signs that the country's economy is benefiting from a massive financial package aided by the Bank of Japan. Prime Minister Shinzo Abe and the BoJ's Governor agreed on sales-tax hikes from 5% to 8% since next April and a new stimulus package totalling 5 trillion yen.

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Fri, 04 Oct 2013 08:23:04 GMT

Aussie and Yen gain as BoJ expands monetary base

Australian Dollar increased on Friday rising to the highest level since September 23 as investors expect no further cuts of borrowing costs this year, at the same time, the Japanese Yen advanced on BoJ decision to expand its monetary base by 60 trillion yen at least. Aussie was traded close 94.48 U.S. cents and Yen added 0.2% to 97.06 per

Fri, 04 Oct 2013 08:01:04 GMT

Asian stocks fall as Japan's shares hit 4-week low

Asian shares slipped on Friday trading session with the gauge of Japan's stocks hitting the weakest level in four weeks amid concerns that lack of improvement about debt ceiling debate may cause in an unprecedented default of the U.S. economy. MSCI's broadest Asia-Pacific Index fell 0.1%, while South Korean's shares declined 0.1% despite a 0.5% gain of Samsung Electronics Co

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