Yen Falls 2nd Day as Abe Urges BOJ on Inflation Target

Posted by Forexsq 1053 days ago (
img The yen weakened for a second day and neared a 2 1/2 year-low against the dollar after Prime Minister Shinzo Abe urged Bank of Japan (8301) Governor Masaaki Shirakawa to double the central bank’s inflation goal.

Shirakawa said yesterday the BOJ was in close cooperation with the government, raising speculation policy makers will boost stimulus when they meet Jan. 21-22. Japan’s currency slid against all of its major peers before data forecast to show the nation’s trade deficit widened. The euro remained lower before the European Central Bank meets today following two days of declines. Australia’s dollar gained after China’s exports and imports grew more than estimated.

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