Asia Bizz: Bank of Japan to expand Monetary Easing

Bank of Japan is looking to expand monetary easing to stop the yen from edging near against the US dollar. The Yen will be nearing a recording breaking mark if Bank of Japan doest have a control on the currency.

The Yen has failed against all major counterparts. The currency of Japan snapped just two days against the greenback.

Tsutomu Soma, Okasan Securities Co. Ltd. in Tokyo, a dealer in currency by profession said,

The BOJ probably broumeeting, with the aim of more monetary easing,” This may slow down the yen’s appreciation.”

The Yen dropped from last weeks 80.40 to 80.63, earlier it touched 80.22, this has been the strongest since the year in 1995.

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