Arab Today, arab today yen slips after tokyo picks new bank of japan chief
Last Updated : GMT 00:58:51
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

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 Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 20:52 2017 Tuesday ,21 February

Asia stocks consolidate recent gains; China shines

GMT 10:37 2017 Tuesday ,21 February

Most Asia markets up as rally presses ahead

GMT 05:34 2017 Tuesday ,21 February

7 firms to list on 2nd Saudi stock board

GMT 19:53 2017 Monday ,20 February

Large stocks fall pushing down Nairobi bourse

GMT 18:36 2017 Monday ,20 February

Heavy selling drags Oman shares lower

GMT 06:16 2017 Monday ,20 February

Bank shares lift Tadawul
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
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