Arab Today, arab today yen slips after tokyo picks new bank of japan chief
Last Updated : GMT 03:23:32
Arab Today, arab today
Arab Today, arab today

Yen slips after Tokyo picks new Bank of Japan chief

Arab Today, arab today

Arab Today, arab today Yen slips after Tokyo picks new Bank of Japan chief

Tokyo - Arabstoday

The yen weakened in Asia on Friday after Japan nominated a new central bank chief known to favour aggressive easing, while the dollar was mixed after weak US growth data and on fears over a budget impasse. The greenback fetched 92.63 yen in late morning Tokyo trade against 92.58 yen in New York on Thursday, while the euro also gained on the Japanese currency at 121.14 yen from 120.95 yen. The euro was stronger on the dollar at $1.3075 from $1.3062, although the 17-nation unit has been under pressure on fears of fresh eurozone instability after inconclusive Italian elections. On Thursday, Tokyo nominated Asian Development Bank head Haruhiko Kuroda to lead the Bank of Japan, a widely expected move that had been pushing the yen down on expectations of more easing measures. Kuroda is likely to further Prime Minister Shinzo Abe\'s effort to stir up growth with more easy-money stimulus and big spending, after Kuroda\'s predecessor resisted what he saw as excessive monetary easing. Abe\'s Liberal Democratic Party swept national elections in December, pledging to revive the world\'s third-largest economy which has suffered slow growth and deflation for years. Japanese industrial production data for January, published before Kuroda\'s nomination, was likely to renew the focus on growth despite manufacturers\' optimistic projections of better times ahead, said Capital Economics. The data showed factory output rose 1.0 percent from the previous month, weaker than a market estimate of a 1.5 percent expansion and lower than a revised 2.4 percent on-month increase in December. \"The latest data will do little to ease pressure on the new Bank of Japan Governor to provide more monetary stimulus,\" the London-based firm said. The dollar was under pressure following a less-than-expected upward revision to US fourth-quarter economic growth, with the world\'s largest economy expanding by 0.1 percent in the last quarter of 2012. Markets are nervous over the expected onset of steep US government spending cuts Friday, renewing concerns over the wider impact on the global economy. About $85 billion in US spending cuts, known as sequestration, would be phased in over seven months. The sequestration also includes $109 billion in cuts over the following eight years. The drastic moves were mandated after Democrats and Republicans failed to reach an agreement on budget deficit reduction. From Times of Oman

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today yen slips after tokyo picks new bank of japan chief Arab Today, arab today yen slips after tokyo picks new bank of japan chief

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today yen slips after tokyo picks new bank of japan chief Arab Today, arab today yen slips after tokyo picks new bank of japan chief

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today unveils Joon - the 'millenials' airline

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iran tests new medium-range missile

GMT 21:24 2017 Saturday ,23 September

Iran tests new medium-range missile
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 08:39 2017 Friday ,22 September

New Hurdles as Republicans Rush

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday