Yen lures Swiss, Russian, NZ central banks

- Central Banking staff
- 14 Nov 2006

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According to this article published Monday 13 November by Bloomberg, central banks are increasing their holdings of the yen, in anticipation of a rebound from a 20-year low.

"Central banks are buying more yen as the world's second- largest economy emerges from more than seven years of deflation," the article says.

"Gains in the yen during 2007 could be fueled by the same combination that boosted the British pound this year: higher interest rates and central bank demand, said Philip Wee, head of

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