Bank of Japan watching soaring yen closely

bankofjapan

The Bank of Japan (BoJ) on Thursday hinted at possible intervention in the yen, following several days of speculation on whether the central bank would take such a step.

In a brief statement, Masaaki Shirakawa, the governor of the central bank, said the BoJ was keeping an eye on "substantial fluctuations in the foreign exchange and stock markets, mainly against the backdrop of growing uncertainty about the outlook for the US economy." The central bank would "carefully monitor such developments"

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