Won drops to 2-week low amid weak Yen

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Source: Bloomberg
© Scanpix/AP
South Korea's currency decreased to the lowest level in two weeks on Monday amid concern that the Yen's fall will have a negative impact on the country's exports after the G-7 policy makers signaled acceptance of the weak Japanese currency. The Won dropped 0.5% to 1,111.78 per U.S. Dollar after it touched 1,116.68, the lowest since April 25.

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Mon, 13 May 2013 13:26:03 GMT

Japan's M2 money stock climbs 3.3% in April

Japanese money stock moved up by 3.3% on an annual basis in April totaling 844.5 trillion yen, while it was expected to climb by 3.1%, the latest figure released by the Bank of Japan unveiled on Monday. The report also showed that M3 money stock was 2.6% higher standing at 1,142.0 trillion yen exceeding an expectation of a 2.5% gain.

Mon, 13 May 2013 13:04:06 GMT

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