The Bank of Japan said on Friday it will leave its monetary policy unchanged. On the Tokyo foreign-exchange market, the BOJ decision prompted investors to sell the yen. The Japanese currency dropped to the 156 yen-level, a fresh 34-year low.
Market watchers believe the wide interest-rate gap between the United States and Japan will remain for the time being.
That's driving the move to the higher-yielding dollar.
Market watchers believe the wide interest-rate gap between the United States and Japan will remain for the time being.
That's driving the move to the higher-yielding dollar.
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Summary
On Friday, the Bank of Japan maintained its monetary policy. This decision led investors to sell the yen, causing it to drop to a 34-year low at 156 yen. The wide interest-rate gap with the US is driving this move towards the higher-yielding dollar, a trend expected to continue.
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ID: 0f2ffdb4-cf98-47ec-a717-967c2cd26f63
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20240426_17/
Date: April 26, 2024
Created: 2024/04/26 19:00
Updated: 2025/12/08 14:44
Last Read: 2024/05/01 16:36