Arab Today, arab today yen slips after tokyo picks new bank of japan chief
Last Updated : GMT 18:42:37
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

 



Arab Today, arab today

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 France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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