yen surges as bank of japan disappoints on stimulus
Last Updated : GMT 06:49:16
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Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Yen surges as Bank of Japan disappoints on stimulus

Arab Today, arab today

Arab Today, arab today Yen surges as Bank of Japan disappoints on stimulus

Bank of Japan
Tokyo - Arab Today

The yen surged Friday after the Bank of Japan made minor tweaks to its stimulus programme, disappointing dealers who had expected a big announcement to kickstart growth in the world's number three economy.

The central bank said it would boost its exposure to riskier investments, but left a massive 80 trillion yen ($772 billion) annual asset-buying programme unchanged. The dollar sank to 103.25 yen from 104.20 yen earlier.

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